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

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+9.1%1-day move

₹746.00

prior close

₹749.45

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.6-0.3-0.1-0.3+9.1+11.1+15.6+22.7+21.2+27.6+36.0+61.1+76.5—

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AI summary

The Estate of Late Rakesh Jhunjhunwala sold 2,12,695 shares (0.4633%) in open market transactions on May 8, 2026, reducing its holding from 15,02,704 shares (3.2730%) to 12,90,009 shares (2.8097%). The disclosure notes additional sales on May 11 and May 12, 2026 of 1,12,775 shares (0.2456%), bringing current holding to approximately 2.0213%. Since March 2023, the estate has sold a total of 787,274 shares representing 1.9544% of paid-up equity capital. The acquirer is explicitly stated as NOT belonging to the Promoter/Promoter group. The filing was signed by Rekha Jhunjhunwala as Executrix.

Likely market impact

This represents continued reduction in stake by the Jhunjhunwala estate in this mid-cap company. The significant cumulative selling (over 3% reduction since 2023) by a prominent investor may signal reduced confidence or portfolio rebalancing, potentially creating negative sentiment for the stock.