The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeshkumar Mittal
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Riddhi Steel and Tube Ltd's promoter, Rajeshkumar Ramkumar Mittal, purchased 15,000 equity shares in the open market on June 16, 2025. His individual holding rose from 8.22% (6,81,350 shares) to 8.40% (6,96,350 shares), a small bump of 0.18%. Along with persons acting in concert (PAC), the promoter group's total holding stands at 73.97% (61,32,632 shares) after the acquisition, up marginally from 73.79%. The total equity share capital of the company remains Rs. 8.29 crore, divided into 82,90,252 equity shares of Rs. 10 each.
This is a modest open-market purchase by a promoter in an already heavily promoter-owned stock (over 73%). It signals continued promoter confidence but is too small in size to materially affect share price or ownership dynamics.