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 Ltd, part of the promoter and promoter group of Rama Petrochemicals Ltd, has acquired 6,29,090 equity shares of Rs. 10 each through a preferential allotment on 23rd January 2026. This acquisition increased the promoter group's voting shareholding from 58.28% to 63.28%, a rise of 4.08%. Including warrants and convertible instruments, the total holding remained at 68.28% on a fully diluted basis. The share capital of the company expanded from Rs. 11.72 crore to Rs. 13.32 crore as a result of this allotment. The disclosure has been filed under SEBI's Takeover Regulations by Haresh D. Ramsinghani on behalf of the promoter group.
The promoter group's increased stake signals continued confidence in the company and further consolidates their control. Shareholders should note the dilution effect from the preferential allotment, as the company's equity base expanded while existing non-promoter shareholders saw their proportional holding reduce.