StockWatch
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Trading - Metals
Deals30 Jul 2026, 09:20 pm

RR MetalMakers: Promoters Sell 70.66% Stake for ₹15.17 Cr

AI Summary

RR MetalMakers India Ltd announced the execution of a Share Purchase Agreement (SPA) where promoter shareholders Virat Sevantilal Shah and Alok Virat Shah have agreed to sell 63,65,924 equity shares, representing 70.66% of the company's equity, to RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai. The transaction is valued at ₹23.85 per share, totaling approximately ₹15.17 crore. The acquirers are obligated to make a mandatory open offer to the remaining shareholders as per SEBI (SAST) Regulations. The agreement was finalized on July 30, 2026.

Key Highlights

  • Promoters to sell 70.66% stake in RR MetalMakers India Ltd.
  • Transaction value stands at ₹15.17 crore at ₹23.85 per share.
  • Acquirers must launch a mandatory open offer to public shareholders.
  • The deal involves a change in promoter shareholding.