The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ruani Media Service Ltd
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Ruani Media Service Ltd, which belongs to the promoter/promoter group of Sri Adhikari Brothers Television Network Ltd (BSE: 530943, NSE: SABTNL), has sold its entire holding of 1,50,00,000 equity shares, representing 59.12% of the company's share capital. The transaction was executed off-market through a Shares Purchase Agreement on August 26, 2025. After the sale, Ruani Media Service Ltd holds 0% (zero shares) in the target company, marking a complete exit by this promoter group entity. The disclosure has been filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, with both BSE and NSE.
This is a significant change-of-control event — the existing promoter group entity is fully exiting the company, which may lead to a new promoter or acquirer stepping in. Shareholders should watch for any open offer trigger or further disclosures from the buyer under SEBI Takeover Regulations, as this could materially affect stock price and ownership structure.