The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajasthan Gases Ltd
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Rajasthan Gases Limited, a non-promoter shareholder in Gujarat Natural Resources Limited, has disclosed the sale of 50,00,000 equity shares (3.89% of total share capital) through the open market on 29 July 2025. Before the sale, Rajasthan Gases held 65,58,636 shares (5.11%), and after the sale, its holding stands reduced to 15,58,636 shares (1.21% of total share/voting capital, 1.02% of diluted capital). The transaction was made under Regulation 29(2) of SEBI's SAST Regulations, 2011. The target company Gujarat Natural Resources remains listed on BSE (scrip code 526873) with no change in its share capital.
This is a significant open-market exit by a non-promoter shareholder who held over 5%. A 3.89% block sale is sizeable and could create short-term supply pressure on the stock. Post-sale, Rajasthan Gases no longer crosses the 5% disclosure threshold (now at 1.21%), so no further mandatory SAST filings from them are expected.