The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajasthan Global Securities Pvt Ltd
SHANKARA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajasthan Global Securities Pvt Ltd (RGSL), a non-promoter entity, acquired 14,867 equity shares of Shankara Building Products Ltd through the open market on February 23, 2026. This acquisition increased RGSL's holding from 6.94% (16,83,749 shares) to 7.00% (16,98,616 shares) of the company's paid-up equity capital. The shares were bought on both BSE and NSE, and the acquirer does not belong to the promoter or promoter group. This is a Regulation 29(2) disclosure, typically triggered by incremental acquisitions of 2% or more by non-promoters who already hold over 5%.
RGSL is creeping closer to the 10% open-offer trigger threshold under takeover rules. While the immediate impact on share price is minimal given the small size of this purchase (0.05%), retail investors should monitor further accumulation by this entity, as crossing 10% would mandate an open offer to all shareholders.