Announced Wed, 22 Jul · 10:39 IST
Ricky Kirpalani and PACs acquire 5.03% stake in Royal Orchid Hotels
ROHLTD · price
▲ 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
-1.9%1-day move
₹318.95
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.9-2.2+0.5+0.6——————
Up moveDown movePending
AI summary
Ricky Kirpalani along with 8 PACs (Persons Acting in Concert), who are not part of the promoter group, acquired 13,78,457 shares (5.03%) of Royal Orchid Hotels via open market purchases between 4 Sept 2023 and 20 July 2026. This disclosure under SEBI SAST Reg 29(2) was triggered as their holding crossed the 5% disclosure threshold. They now hold 13,78,457 shares, representing 5.03% of the company.
Likely market impact
Non-promoter buying 5%+ signals bullish interest. Watch for further buying toward 10%, which would trigger a mandatory open offer.