Announced Wed, 1 Apr · 11:51 IST
Promoter group entity Tikani Exports raises stake to 17.15% via Rights Issue
BHANDARI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+40.6%1-day move
₹2.07
prior close
₹2.43
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+40.6+53.6+56.5+61.4+49.3+50.7+61.8+49.8+54.1+42.0
Up moveDown movePending
AI summary
Tikani Exports Limited, a promoter group entity, acquired 5.70 crore equity shares through Bhandari Hosiery's recently concluded Rights Issue, raising its stake from 0.04% to 17.15%. The increase came from subscribing to its own entitlement plus renounced entitlements of promoters Nitin Bhandari and Nitika Rashesh Shah. Acquisition is exempt from open offer under Regulation 10(4)(b) of SEBI SAST Regulations.
Likely market impact
Promoter group stake rebalanced within itself via rights issue; no open offer obligation since exemption conditions are met. No new dilution for public.