The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rainbow Agri Industries Ltd & Others
Awaiting price reaction for this filing.
Rainbow Agri Industries Limited, a member of the Promoter/Promoter Group of Rama Petrochemicals Limited, acquired 8,27,418 equity shares (5.36% of expanded capital) on April 13, 2026 through a Preferential Allotment. The acquirer already held 84,29,402 shares (63.28%) plus warrants convertible into 20,99,750 shares (13.62%) before this transaction. After the allotment, total share capital increased from Rs. 13.32 crore to Rs. 15.42 crore due to the new share issuance. The acquirer and its Persons Acting in Concert (PACs) — including entities like Libra Mercantile, Rama Phosphates, and others — collectively held approximately 68.28% of voting capital after the transaction.
This represents a significant increase in promoter holding through new share issuance, further entrenching the promoter group's control over Rama Petrochemicals. For minority shareholders, this reduces free float but signals promoter confidence in the company's prospects.