Riddhi Siddhi Gluco Biols: Promoter Group Sells 11.55% Stake via OFS

Riddhi Siddhi Gluco Biols Limited announced the successful completion of an Offer for Sale (OFS) by Vital Connections LLP, a promoter group shareholder. The OFS involved the sale of 8,23,422 equity shares, representing 11.55% of the company's total equity. This transaction, conducted on June 22-23, 2026, was aimed at achieving the Minimum Public Shareholding (MPS) requirements mandated by SEBI regulations. Following the OFS, the promoter and promoter group's aggregate shareholding has reduced from 86.55% to 75%, bringing the public shareholding to 25% and fulfilling the 25% MPS requirement.