Clarification21 Aug 2026, 03:14 pm
Rishabh Instruments Denies Stake Sale Rumors
AI Summary
Rishabh Instruments Ltd has issued a clarification regarding news reports on CNBC-TV18 about its promoters potentially selling a controlling stake. The reports suggested promoters were in talks with multiple suitors, including a German entity, to sell nearly 70% of their stake for over ₹3,000 crore. The company stated that, at this stage, there is no material event or information requiring disclosure under SEBI regulations.
Key Highlights
- Promoters reportedly in talks for stake sale.
- News cited potential sale of ~70% stake.
- Valuation target reportedly over ₹3,000 crore.
- Company denies material event requiring disclosure.
Price Impact
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