Promoter Rakesh Kumar Bansal sells 14.03% stake to SAR Televenture via open offer

Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDF Explain this filing

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

+5.0%Reaction day

₹30.91

prior close

₹32.45

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+4.7% vs market

On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250, 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+5.0+0.3+4.7

Next day

+10.2-1.3+11.5

+15.7-0.3+16.0

+21.5-0.6+22.0

+23.9-1.8+25.7

+26.3-1.8+28.2

+31.4-0.8+32.2

15d

+53.1-4.1+57.2

+41.3-9.4+50.7

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Erstwhile promoter Rakesh Kumar Bansal sold 42,70,072 equity shares (14.03%) of Grand Foundry (now Tikona Communication) to SAR Televenture Limited via off-market deal on September 24, 2026. This follows a Share Purchase Agreement dated March 3, 2026 and completion of an Open Offer under SEBI SAST Regulations 3(1) and 4. His stake dropped from 14.04% to 0.01%.

Likely market impact

Change of control complete. Promoter has exited; SAR Televenture now controls the company. Shareholding structure has fundamentally changed.