Shareholding25 May 2026, 08:02 pm
Tainwala Chemicals: Umesh Modi Shareholding Disclosure
AI Summary
Umesh Modi's shareholding disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Rakesh Dungarmal Tainwala will acquire 6,00,232 equity shares (6.41%) of Tainwala Chemicals & Plastics (India) Limited from his brother, Rajkumar Tainwala, as a gift. The transfer will occur on or after June 1, 2026. No consideration is involved as it is a gift between immediate relatives. Both transferor and transferee will comply with applicable disclosure requirements.
Key Highlights
- Rakesh Dungarmal Tainwala to acquire 6,00,232 shares (6.41%) of Tainwala Chemicals via gift.
- Transfer of shares from Rajkumar Tainwala to Rakesh Dungarmal Tainwala.
- The proposed acquisition is exempt from open offer under Regulation 10(1)(a)(i).
- Transfer to occur on or after June 1, 2026; no consideration involved.
- Both parties will comply with SEBI's Substantial Acquisition of Shares regulations.
Price Impact
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