Rajasthan Global Securities sells 15.91% stake in Shankara Bldg via open offer

Ownership Changes View source PDF Explain this filing

SHANKARA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.5%Reaction day

₹125.23

prior close

₹125.58

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-4.2% vs market

On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.4

10m

-2.7

15m

-2.3

30m

-2.7

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-4.5-0.2-4.2

Next day

-8.2-3.0-5.2

-5.5-2.7-2.7

-4.7-1.9-2.8

-2.2-1.7-0.5

+0.3-1.0+1.3

-5.8-2.0-3.8

15d

-5.4-6.6+1.2

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rajasthan Global Securities (not a promoter) tendered 38.59 lakh shares (15.91%) of Shankara Building Products in an open offer on 5 Oct 2026. Its stake fell from 19.21% (46.58 lakh shares) to 3.29% (7.99 lakh shares). The change crosses the 2% threshold under SEBI SAST Reg 29(2).

Likely market impact

Large non-promoter holder exits most of its position via open offer, cutting stake from near a fifth to under 5 percent of the company.