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

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-5.0%1-day move

₹84.79

prior close

₹80.56

base price

In-mkt

timing

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AI summary

Rajasthan Global Securities Pvt Ltd (alongwith PACs LRSD Securities Pvt Ltd and Lalit Dua) has acquired 41,40,976 shares representing 19.94% of Tipco Engineering India Ltd's share capital. The acquisition was made through allotment in the IPO on April 1, 2026. Prior to this acquisition, the acquirer held 0% stake in the company. The acquirer has explicitly stated they do not belong to the Promoter/Promoter Group. The total share capital of the company remains unchanged at 2,07,67,584 shares of Rs. 10 each.

Likely market impact

A non-promoter entity acquiring nearly 20% via IPO indicates significant institutional or strategic interest. The stake is approaching the 25% threshold which triggers mandatory open offer obligations under SAST regulations.