The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeshkumar Ramkumar Mittal
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Awaiting price reaction for this filing.
Riddhi Steel and Tube Ltd disclosed that promoter Rajeshkumar Ramkumar Mittal bought 4,500 equity shares of the company on 4 June 2025 through the open market, under Regulation 29(2) of SEBI Takeover Regulations. His individual holding rose from 6,67,850 shares (8.054%) to 6,72,350 shares (8.018%), while combined promoter group holding with PACs stands at 54,36,282 shares (65.58%), taking total promoter encumbrance-adjusted holding to 73.688%. The acquisition is small in size, indicating promoter confidence at current levels without materially changing the shareholding pattern.
The purchase is a minor open-market buy by an existing promoter and signals confidence in the company, but the negligible size (~0.05%) is unlikely to move the stock price meaningfully. Promoter group continues to hold a strong majority stake of over 65%.