Ratnamani adds capital to Ravi Technoforge and retains 75% stake

Acquisition announcedStrategic Transactions View source PDF Explain this filing

RATNAMANI · price

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Price reactionminutes from the announcement price · days from the prior close

-2.7%Reaction day

₹2482.90

prior close

₹2495.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-3.1% vs market

Iron & Steel Products peers, median of 90sector+0.1%-2.9% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 2.9 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.5

10m

-1.5

15m

-1.3

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7+0.4-3.1+0.1-2.9

Next day

-2.7-0.4-2.3-0.2-2.5

-1.4-0.7-0.7-0.2-1.2

-0.9-1.0+0.1-1.1+0.2

+0.7-2.1+2.8-1.5+2.3

-2.5-4.2+1.6-2.5-0.0

-2.9-5.3+2.4-3.7+0.7

15d

-6.6-3.2-3.4-3.4-3.2

-6.8-2.3-4.4-4.6-2.1

-4.6-2.9-1.7-7.1+2.5

-7.1-7.6+0.5-11.2+4.1

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 90Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ratnamani subscribed for 30,48,669 new shares in subsidiary Ravi Technoforge at Rs 100 each, paying Rs 30.49 crore through a rights issue. Its stake fell from 80.017% to 75% after dilution. A September 18 agreement caps its holding at 75% and keeps sellers at at least 25%. The earlier plan to buy a 19.98% third tranche by July 31, 2027 was modified. RTL's FY2024-25 profit after tax was Rs 10.07 crore and revenue was Rs 287.62 crore.

Likely market impact

The main impact is a Rs 30.49 crore capital commitment and dilution from 80.017% to 75%, with no change in control of Ratnamani.