Announced Wed, 1 Apr · 14:58 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeshkumar Mittal

Ownership Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
1-day move
₹178.00
prior close
base price
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-4.5+48.9
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AI summary

Promoter Rajeshkumar Ramkumar Mittal purchased 11,750 equity shares (0.09%) of Riddhi Steel and Tube Ltd on 30 March 2026 via open market. Before the acquisition, he held 11,14,275 shares (8.96%) individually and 92,77,698 shares (74.61%) together with Persons Acting in Concert (PACs). After the acquisition, his individual holding rose to 11,26,025 shares (9.05%) and the combined holding with PACs increased to 92,89,448 shares (74.70%). The PACs include Rajesh R Mittal HUF, Preeti Rajesh Mittal, Raja Rajesh Mittal, and Riddhi Rajesh Mittal — all classified as promoters. The total share capital remains Rs. 12,43,53,780 (1,24,35,378 equity shares of Rs. 10 each). No encumbrances were reported.

Likely market impact

The transaction is a small open-market purchase by a promoter already holding a dominant 74.70% stake. It is neutral to mildly positive, reflecting continued promoter confidence with no change in control dynamics.