Announced Fri, 24 Oct · 12:27 IST

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajasthan Global Securities Pvt Ltd & PAC

Ownership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Rajasthan Global Securities Pvt. Ltd., along with its Person Acting in Concert (PAC) LRSD Securities Pvt. Ltd., has disclosed an acquisition of 3,79,000 equity shares (3.10% of paid-up capital) in S.K. Minerals & Additives Limited. This was received through allotment as an anchor investor in the company's IPO, not via open market purchase. After this acquisition, the combined holding of the acquirer and PAC stands at 6,95,000 shares, equal to 5.68% of the company's voting capital. The acquirer is not part of the promoter/promoter group, so this is purely an institutional anchor investor disclosure. The total equity share capital of the company remains 1,22,40,000 shares of Rs. 10 each.

Likely market impact

This is a routine SAST disclosure triggered by the anchor investor crossing the 5% shareholding threshold through IPO allotment. Since the acquirer is not a promoter, this has no direct impact on promoter holding or control of the company. Retail investors may note that institutional anchor investors have shown initial interest in the IPO, which is mildly positive for sentiment, but this does not materially affect the stock's fundamentals.