Tainwala Chemicals: Rakesh Tainwala & PACs Disclose Shareholding Change

Tainwala Chemicals and Plastics (India) Ltd has received a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. Rakesh Dungarmal Tainwala, along with Persons Acting in Concert (PACs) including Shobha Tainwala, Rajkumar Tainwala, Ramesh Tainwala, Arushi Rajkumar Tainwala, Concept Reality and Securities Private Limited, Tainwala Holdings Private Limited, and Periwinkle Fashions Private Limited, have reported a change in their shareholding. Prior to this, the acquirer and PACs held 67.85% of the voting capital. The acquisition involved an inter-se transfer by way of gift from Mr. Rajkumar Tainwala to Mr. Rakesh Dungarmal Tainwala. Post-acquisition, the acquirer will be classified as Promoter.