The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vishal Sanjay Surana & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vishal Sanjay Surana, along with Persons Acting in Concert (PACs - Vansikha Vishal Surana, Sanjay Babulal Surana, and Sunita Sanjay Surana), has acquired 19,25,000 equity shares of RDB Real Estate Constructions Ltd, representing 9.59% of the paid-up share capital and 5.48% on a fully diluted basis. The acquisition was made on 22 January 2026 through the conversion of share warrants issued on a preferential allotment basis. Before this transaction, the acquirer and PACs held zero shares in the company; after the acquisition, their total holding stands at 19,25,000 shares (9.59%). Importantly, the acquirers have clarified that they do NOT belong to the promoter or promoter group of the company. The company's total equity share capital has expanded from Rs. 17.28 crore (1.72 crore shares) to Rs. 20.06 crore (2.00 crore shares) following this preferential allotment.
A new non-promoter group has built a significant 9.59% stake in the company through preferential warrant conversion, sitting just below the 10% threshold that would trigger open offer obligations under takeover rules. Shareholders should monitor whether this group increases its stake further, as crossing 10% would change their disclosure and regulatory requirements.