The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ankur Constructions Pvt Ltd
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Awaiting price reaction for this filing.
Ankur Constructions Pvt Ltd, part of the promoter group of RDB Infrastructure And Power Ltd, acquired 94,50,000 equity shares (3.91% of diluted share capital) on June 6, 2025, through conversion of warrants allotted on a preferential basis. This increased the promoter entity's holding from 37,50,000 shares (1.55% diluted) to 1,32,00,000 shares (5.47% diluted), or 2.17% to 6.68% on a voting capital basis. As a result, RDB's total paid-up equity capital expanded from ₹17.28 crore to ₹19.76 crore (17.28 crore to 19.76 crore shares of Re.1 each). The disclosure was filed by Anil Kumar Apat, Director of Ankur Constructions Pvt Ltd, and the company is listed on both BSE and Calcutta Stock Exchange.
Positive signal for retail investors — the promoter group is increasing its skin-in-the-game by converting warrants into equity, demonstrating confidence in the company's prospects. No fresh cash flows into the company from this transaction as it is a warrant conversion, but promoter ownership strengthens, which is generally viewed favorably by the market.