The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Srija Hotels & Properties Pvt Ltd
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Srija Hotels & Properties Pvt Ltd has acquired 15,01,764 equity shares (10.43%) of Radhagobind Commercial Ltd through open market purchases. The acquirer is not part of the promoter or promoter group of the company. Prior to this acquisition, the acquirer held no shares in the company. This disclosure is filed under Regulation 29(1) of SEBI Takeover Regulations, triggered because the acquisition has crossed the 10% threshold. Radhagobind Commercial has a total equity share capital of 1,44,00,000 shares of Re. 1 each, listed on BSE.
A non-promoter entity has built a sizeable 10.43% stake in the company, which could attract further buying or signal potential strategic interest. Shareholders should watch for any further disclosures from this acquirer, as additional purchases between 10-14% are allowed under creeping acquisition rules, but crossing 15% would trigger an open offer obligation.