Announced Sat, 25 Jul · 11:19 IST
RRKK Media acquires 8.35 percent stake in Prabhatam Infra via preferential issue
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
RRKK Media Pvt Ltd, not part of promoter group, acquired 1.85 crore equity shares of Prabhatam Infra Venture (formerly B J Duplex Boards) via preferential allotment for cash on July 21, 2026. Holding rose from 0 to 8.35 percent. Company share capital expanded sharply from 1.90 crore to 22.15 crore shares, a more than tenfold increase.
Likely market impact
New non-promoter entity holds 8.35 percent post preferential issue. Stock base expanded over 10x, diluting existing shareholders significantly.