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

Ownership Changes View source PDF Explain this filing

RPEL · price

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹746.00

prior close

₹749.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-1.5% vs market

Electrodes & Refractories peers, median of 10sector+1.1%-1.9% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.9 pts less than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

-0.3

15m

-0.1

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.7-1.5+1.1-1.9

Next day

+9.1+0.9+8.2+1.9+7.2

+11.1+0.6+10.6+1.1+10.0

+15.6-0.8+16.4-1.0+16.6

+22.7-0.4+23.0+0.9+21.8

+21.2+0.2+20.9+0.9+20.3

+27.6+1.4+26.2-0.2+27.8

15d

+36.0+4.2+31.8+0.7+35.3

+61.1+6.3+54.8-1.6+62.7

+76.5+11.3+65.2+0.1+76.4

+87.1+14.0+73.2+3.1+84.0

UpDownMarket · Nifty Microcap 250Sector · Electrodes & Refractories peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.