The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramji Das Agarwal
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Ramji Das Agarwal has acquired 12,08,151 equity shares (21.01% stake) in RSC International Ltd, making him a substantial shareholder. The acquisition happened in two parts: 10,65,339 shares were purchased off-market via a Share Purchase Agreement dated January 20, 2025 (credited on August 8, 2025), and 1,42,812 shares were acquired through the mandatory open offer (tendered on July 14, 2025, pending dematerialization). Mr. Agarwal, along with Mr. Shailesh Agrawal, had triggered an open offer under Regulation 3(1) and 4 of SEBI Takeover Regulations. The acquirers are not from the existing promoter group and will become the new promoters of the company after completing Regulation 31A compliance. The total equity capital of RSC International remains Rs. 5,74,97,000 divided into 57,49,700 shares of Rs. 10 each.
This marks a change of control at RSC International — the existing sellers are stepping aside and the acquirers will take over as new promoters. Retail shareholders should expect leadership/management changes and possible strategic shifts, as the new promoters settle in.