The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akhil Mittal

Promoter Stake BuyCreeping Acquisition Near ThresholdOwnership Changes View source PDF

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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

+4.0%1-day move

₹10.57

prior close

₹10.50

base price

In-mkt

timing

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AI summary

Promoter Akhil Mittal has acquired 75,00,000 convertible warrants through preferential allotment (dated 12.05.2026). Before the acquisition, he held 2,22,89,981 shares representing 27.46% voting rights. After the acquisition, his total holding including warrants stands at 2,97,89,981 on a diluted basis (15.26% of diluted capital). Upon conversion of these warrants into equity shares, his effective shareholding would increase to approximately 31.30% of the total share capital (27.46% existing shares + 3.84% warrants). The company name has changed from Ramchandra Leasing and Finance Limited to Raama Finance Limited.

Likely market impact

The promoter is accumulating warrants through preferential allotment, which upon conversion will increase their stake. This represents a significant promoter stake buy that brings them closer to the 33% creeping acquisition threshold, which could trigger open offer obligations under SAST regulations.