The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajendra Seclease Ltd
Awaiting price reaction for this filing.
Rajendra Seclease Ltd, the promoter of Alchemist Corporation Ltd, has disclosed a complete exit from the company under SEBI Takeover Regulations. The promoter sold its entire holding of 36,42,200 equity shares (74.11% stake) through an off-market Share Purchase Agreement dated 28th May 2025. After this transaction, the promoter's holding in Alchemist Corporation stands reduced to Nil (0%) from the earlier 74.11%. The total equity share capital of the company remains 49,14,333 shares of Rs.10 each. The deal was executed via a Share Purchase Agreement, meaning shares were transferred directly to a buyer rather than through the open market.
This is a significant event — the promoter has completely exited the company via an off-market bulk deal. Existing retail shareholders should note the change in control, as the identity of the new controlling shareholder (buyer under the SPA) will determine the future direction of the company. The stock could see volatility as the new promoter/management takes charge.