StockWatch
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Trading - Metals
Deals30 Jul 2026, 09:30 pm

RR MetalMakers: Promoters Sell 70.66% Stake for ₹15.18 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 share capital, to RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai. The transaction is valued at ₹23.85 per share, totaling approximately ₹15.18 crore. The acquirers are obligated to make a mandatory open offer to the remaining shareholders as per SEBI (SAST) Regulations. The board of directors took note of this agreement on July 30, 2026.

Key Highlights

  • Promoters selling 70.66% stake in RR MetalMakers India Ltd.
  • Transaction value is ₹23.85 per share, totaling ₹15.18 crore.
  • Acquirers must launch a mandatory open offer to public shareholders.
  • Agreement executed on July 30, 2026.