Ricky Kirpalani and PACs acquire 5.03% stake in Royal Orchid Hotels
ROHLTD · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.6 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
Non-promoter buying 5%+ signals bullish interest. Watch for further buying toward 10%, which would trigger a mandatory open offer.