Shareholding27 May 2026, 10:18 am
Tainwala Chemicals: Rakesh Tainwala to Acquire 5,86,464 Shares
AI Summary
Rakesh Dungarmal Tainwala will acquire 5,86,464 equity shares (6.26% of share capital) of Tainwala Chemicals & Plastics (India) Ltd from his brother, Rajkumar Tainwala, via an inter-se transfer through gift. This acquisition is exempt from making an open offer under Regulation 10(1)(a) of SEBI (SAST) Regulations, 2011, as it is a gift between immediate relatives with no consideration involved. The transfer is scheduled to occur on or after June 1, 2026.
Key Highlights
- Rakesh Tainwala to acquire 5,86,464 shares of Tainwala Chemicals via gift.
- The acquisition represents 6.26% of Tainwala Chemicals' share capital.
- Transfer is an inter-se transfer between relatives, no consideration involved.
- Acquisition exempt from open offer under SEBI (SAST) Regulations.
- Transfer scheduled on or after June 1, 2026.
Price Impact
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