StockWatch
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Paper & Paper Products
Shareholding2 Jun 2026, 04:51 pm

Shashi Garg Acquires 6.17% Stake in Ruchira Papers via Transmission

AI Summary

Shashi Garg has acquired an additional 6.17% stake in Ruchira Papers Limited, bringing her total shareholding to 9.61%. This acquisition is a result of the transmission of shares following the demise of Late Shri Umesh Chander Garg, the erstwhile Managing Director and Promoter. The transaction was conducted off-market via transmission and inheritance, with the effective date of acquisition being May 9, 2026. This disclosure is made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Key Highlights

  • Shashi Garg's stake in Ruchira Papers increased by 6.17% to 9.61%.
  • Acquisition is due to share transmission after promoter's demise.
  • Transaction occurred off-market via inheritance.
  • Disclosure made under SEBI SAST Regulations, 2011.