The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mascot Fashions Pvt Ltd
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Mascot Fashions Private Limited, part of the promoter group of RSC International Ltd, has disclosed the sale of its entire shareholding in the company. Before the transaction, Mascot Fashions held 6,28,118 equity shares representing 10.92% of the total voting capital. After the sale, its holding stands at NIL (0%). The shares were sold through an off-market route on August 8, 2025, upon completion of formalities relating to a mandatory open offer. The total share capital of RSC International remains unchanged at Rs. 5,74,97,000 divided into 57,49,700 equity shares of Rs. 10 each. The disclosure was filed with BSE on August 11, 2025.
This represents a complete exit by a promoter group entity, likely tied to a change in control or open offer process. Shareholders should watch for the identity of the new acquirers and whether this triggers any further changes in the promoter composition of the company.