Announced Wed, 22 Jul · 20:42 IST
RRIL raises stake in Sumati Spintex to 75%, makes it subsidiary
RRIL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹16.81
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
RRIL Limited bought additional 7,87,500 equity shares of face value Rs 10 each in Sumati Spintex Private Limited from existing shareholders, adding 25% to its stake. Total holding is now 75%, making Sumati Spintex a subsidiary of RRIL. This follows an earlier disclosure dated July 17, 2026.
Likely market impact
RRIL now fully consolidates Sumati Spintex as a 75% subsidiary, which will reflect in consolidated financials and earnings.