Rain Industries Limited - Disclosure under Regulation 7 (2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 Continual Disclosures
RAIN · price
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On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.3 pts more than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rain Industries informed the exchanges that promoter Nivee Holdings Private Limited bought 4,00,000 equity shares (0.1189% of paid-up capital) of the company on March 24, 2026 through open market purchases on NSE, valued at approximately Rs. 4.16 crore. With this acquisition, Nivee Holdings' stake in Rain Industries rose from 2.42% (81,43,250 shares) to 2.54% (85,43,250 shares). The disclosure was filed under SEBI insider trading regulations and signed by director N. Sujith Kumar Reddy. This is a routine continual disclosure by a member of the promoter group.
A promoter buying shares from the open market is generally viewed as a confidence signal by retail investors, though the size of this purchase (0.1189%) is small and unlikely to materially move the stock price.