OFS seller revised: Vital Connections LLP replaces promoter for MPS compliance

Price

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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

+2.5%1-day move

₹800.00

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

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AI summary

Riddhi Siddhi Gluco Biols Ltd has amended its April 8, 2026 disclosure for an Offer for Sale of 8,23,422 equity shares (11.55% of capital) to meet the 25% Minimum Public Shareholding (MPS) requirement. The selling shareholder has been changed from promoter Ganpatraj Lalchand Chowdhary (17.92% holding) to Vital Connections LLP (12.01% holding), a promoter group entity. The share quantity and post-OFS structure remain unchanged: Promoters 75%, Public 25%. This follows a SEBI order (Aug 2021) upheld by SAT (March 2026).

Likely market impact

No change in shares offered or post-OFS structure. Near-term supply overhang possible when OFS launches; public holding rises to mandatory 25%.