Promoter group entity Tikani Exports raises stake to 17.15% via rights issue

Promoter Stake BuyOwnership Changes View source PDF

BHANDARI · price

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▲ 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

+30.9%1-day move

₹2.43

prior close

₹2.43

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.4+4.9+4.5+10.7+30.9+33.3+37.4+27.2+30.5+33.3+35.0+27.6+30.5+23.5

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AI summary

Bhandari Hosiery Exports' promoter group entity Tikani Exports Ltd increased its stake from 0.04% to 17.15% by subscribing to the company's rights issue and taking up renounced entitlements from other promoters Nitin Bhandari and Nitika Rashesh Shah. The acquisition is exempt from making an open offer under Regulation 10(4)(b) of SEBI Takeover Rules. Other promoter holdings were reshuffled within the group: Nitin Bhandari's stake fell from 18.39% to 14.43%, Nitika Rashesh Shah's from 10.52% to 7.59%, while PACs Kusum Bhandari and Naresh Bhandari saw marginal increases.

Likely market impact

Promoter group consolidated holdings internally via rights issue; no open offer triggered. Inter-promoter reshuffle, no change in group control.