The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saurabh Jain
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Saurabh Jain, a member of the promoter group of Rajasthan Tube Manufacturing Company Ltd, has sold 2,10,000 equity shares (4.66% of the company's share capital) through an off-market transaction on 8th May 2025. Prior to this sale, he held 3,18,822 shares (7.07%), and his stake has now reduced to 1,08,822 shares (2.41%). The disclosure was filed under SEBI's Takeover Regulations because the sale crossed the 1% reporting threshold. The total equity share capital of the company remains unchanged at 4,50,78,000 shares.
This is a significant reduction in promoter holding — Saurabh Jain's stake has dropped from 7.07% to 2.41%, which may be viewed negatively by retail investors as promoter exits often signal reduced confidence. Investors should watch for further disclosures to understand if other promoters are also trimming their stakes.