The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajan Raheja & Others
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The Raheja promoter group (Rajan Raheja, Suman Raheja, Akshay Raheja, Viren Raheja, R Raheja Investments Pvt Ltd, and Globus Stores Pvt Ltd) received 4,68,05,250 equity shares (62.04% of the expanded share capital) of Innovassynth Investments Limited on December 23, 2025, pursuant to a court-approved merger of Innovassynth Technologies (India) Limited into Innovassynth Investments Limited. The NCLT Mumbai approved the scheme on November 14, 2025, with a rectification order on November 26, 2025. Post-merger, the combined promoter and PAC group holding in the target company stands at 5,56,08,988 shares, or 73.70% of the total share capital, up from 31.46% pre-merger. No open offer is required since the acquisition is exempt under Regulation 10(1)(d)(ii) as a scheme of arrangement.
This is a corporate restructuring event, not a market transaction — existing shareholders of Innovassynth Technologies are now shareholders of Innovassynth Investments Limited, with the promoter group's stake rising substantially to 73.70%. The merger-driven increase in promoter holding may reduce free float and trading liquidity in the stock.