The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Venkatesh Rajagopal & Others
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The promoter and promoter group of Celebrity Fashions Ltd, comprising Venkatesh Rajagopal, Rama Rajagopal, and Vidyuth Rajagopal, acquired 14,54,898 equity shares (2.25% of post-issue capital) through a Preferential Allotment on 21-03-2026. Each of the three acquirers received 4,84,966 shares (0.75% each) under the allotment. Total promoter group holding increased in absolute terms from 1,99,43,579 to 2,13,98,477 shares, though the percentage holding slightly dipped from 33.42% to 33.15% due to expansion of total share capital. The company's total equity share capital rose from ₹59.67 crore (5.96 crore shares) to ₹64.55 crore (6.45 crore shares) following the allotment.
This is a positive signal indicating promoter confidence and capital infusion into the company, though the dilution effect from issuing new shares slightly reduced the promoters' percentage stake. Shareholders may view promoter participation in a preferential issue as an endorsement of the company's prospects.