Shareholding24 Aug 2026, 11:11 am
Rajasthan Global Securities Acquires Stake in Tipco Engineering India
AI Summary
Rajasthan Global Securities Pvt Ltd and its Persons Acting in Concert (PACs) have disclosed a substantial acquisition of shares in Tipco Engineering India Ltd. The acquisition, conducted via the open market, resulted in a new holding of 2,478,576 shares, representing 11.93% of the total share capital. This disclosure follows a reduction in their previous holding, with a net decrease of 675,200 shares since the last disclosure, exceeding the 2% threshold requiring reporting. The shares were acquired on August 21, 2026, with a redemption date of August 21, 2026, for certain convertible instruments.
Key Highlights
- Rajasthan Global Securities acquired 11.93% stake in Tipco Engineering India.
- Acquisition was made through open market transactions.
- Total shares held post-acquisition amount to 2,478,576.
- Disclosure triggered by exceeding 2% change in holding.
- PACs include LRSD Capital Private Limited and Lalit Dua.
Price Impact
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