Rainbow Investments Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
STEL · price
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Rainbow Investments Limited, a promoter group entity of Stel Holdings, has submitted a declaration under SEBI's Takeover Regulations confirming that the promoters and persons acting in concert (serial nos. 23 to 27) did not create any encumbrance (pledge, lien, or charge) on their shares during the financial year ended March 31, 2025. Rainbow Investments is the single largest shareholder in the promoter group, holding 24.50% of Stel Holdings. The total promoter group holding stands at 69.47% of the company. Other promoter group members (serial nos. 1-22 and 28-33) will file separate declarations.
This is a routine regulatory confirmation that key promoters have not pledged or encumbered their shares during the year, which is a positive signal for shareholders as it indicates no hidden leverage or risk of forced selling from this segment of the promoter group.