The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Estate of Late Rakesh Jhunjhunwala
RPEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Estate of Late Rakesh Jhunjhunwala, a significant shareholder of Raghav Productivity Enhancers, disclosed sale of 2,12,695 shares on May 8, 2026 via open market transactions. This reduced their holding from 3.273% (15,02,704 shares) to 2.8097% (12,90,009 shares). Cumulatively, since their last disclosure on March 10, 2023 when holding was 5.23%, they have sold 7,87,274 shares representing approximately 1.95% of equity capital. Additional sales of 1,12,775 shares (0.2456%) occurred on May 12, 2026, bringing current holding to approximately 2.0213%. The sale triggered the 2% disclosure threshold under SEBI Takeover Regulations. Rekha Jhunjhunwala is the executor of the estate.
This represents a significant reduction in a major investor's stake from over 5% to just above 2%, suggesting continued exit by the Jhunjhunwala estate. This may signal reduced confidence or portfolio rebalancing, and could exert mild downward pressure on the stock due to selling pressure in the open market.