Shareholding23 Sept 2026, 05:10 pm
Kiran Jain Acquires 4.83% Stake in RRIL Ltd via Gift
AI Summary
RRIL Limited has disclosed an acquisition of 58,51,887 equity shares, representing 4.83% of the diluted share capital, by Kiran Ratanchand Jain. The shares were acquired via gift from promoter group members Mr. Harish Ratanchand Jain and Mrs. Rekha Harish Jain. This transaction is classified as an inter-se transfer among immediate relatives and is exempted from making an open offer under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made within the prescribed timelines.
Key Highlights
- Kiran Jain acquired 4.83% stake in RRIL Ltd.
- Acquisition was through a gift from promoter relatives.
- Transaction is an inter-se transfer, exempt from open offer.
- Disclosure filed within regulatory timelines.
- Post-transaction, Kiran Jain holds 14.35% of RRIL.
Price Impact
More from RRIL