Shareholding6 Jun 2026, 01:01 pm
Rakesh Tainwala Acquires 6.26% Stake in Tainwala Chemicals via Gift
AI Summary
Rakesh Dungarmal Tainwala has acquired 5,86,464 equity shares, representing 6.26% of the diluted share capital, in Tainwala Chemicals and Plastics (India) Ltd. The acquisition was made through an inter-se transfer of shares by way of gift amongst immediate relatives from Rajkumar Tainwala, at nil price. This transaction falls under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, exempting the acquirer from making an open offer. The disclosure was filed with the stock exchanges on May 26, 2026.
Key Highlights
- Rakesh Dungarmal Tainwala acquired 6.26% stake in Tainwala Chemicals.
- Transaction was an inter-se transfer by way of gift amongst immediate relatives.
- Acquisition was made at nil price, exempting open offer requirements.
- Disclosure filed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Rajkumar Tainwala transferred 5,86,464 equity shares.
Price Impact
More from TAINWALCHM