Cella Space promoters consolidate stake via inter-se share transfer
- Promoters Visakh and Vignesh Rajkumar acquired 32,00,000 shares from Rajkumar Sivathanupillai
- Transaction valued at ₹30 per share, representing 15.88% of diluted capital
- Rajkumar Sivathanupillai's stake reduced from 51.91% to 36.03%
- Visakh Rajkumar's holding rose to 9.74%, while Vignesh Rajkumar's reached 10.05%
- Filings signed by all parties in Chennai on August 29 and 30, 2026
*this image is generated using AI for illustrative purposes only.
Promoters Visakh Rajkumar and Vignesh Rajkumar have acquired a combined 32,00,000 shares in Cella Space through an inter-se transfer. The transaction took place on August 27, 2026, significantly consolidating promoter holdings in the Bombay Stock Exchange-listed company.
The acquisition was disclosed under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, relying on the exemption provided under Regulation 10(1)(a)(ii). The transfer involved shares sold by promoter Rajkumar Sivathanupillai.
Transaction Details
The inter-se transfer was executed at a price of ₹30 per share. The total value of the transaction represents 15.88% of the diluted share capital of Cella Space Limited.
| Metric | Details |
|---|---|
| Transferor | Rajkumar Sivathanupillai |
| Transferees | Visakh Rajkumar, Vignesh Rajkumar |
| Date of Acquisition | August 27, 2026 |
| Shares Transferred | 32,00,000 |
| Price Per Share | ₹30 |
| Percentage of Diluted Capital | 15.88% |
The disclosure was filed with the stock exchange on August 21, 2026, as required under Regulation 10(5). The report was signed by both acquirers in Chennai on August 29, 2026. Additional filings under Regulation 29(2) were signed by Vignesh Rajkumar on August 30, 2026. The seller, Rajkumar Sivathanupillai, also signed the disclosure form on August 30, 2026.
Change in Shareholding
Following the transaction, Visakh Rajkumar’s stake increased from 1.80% to 9.74%, while Vignesh Rajkumar’s holding rose from 2.11% to 10.05%. Conversely, Rajkumar Sivathanupillai’s stake decreased from 51.91% to 36.03%.
| Promoter | Pre-Transaction Shares | Pre-Transaction % | Post-Transaction Shares | Post-Transaction % |
|---|---|---|---|---|
| Visakh Rajkumar | 3,62,186 | 1.80% | 19,62,186 | 9.74% |
| Vignesh Rajkumar | 4,25,176 | 2.11% | 20,25,176 | 10.05% |
| Rajkumar Sivathanupillai | 1,04,61,205 | 51.91% | 72,61,205 | 36.03% |
The total equity share capital of Cella Space remained unchanged during this internal restructuring among promoters, standing at Rs. 20,15,12,170/-.
Historical Stock Returns for Cella Space
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.98% | +33.89% | +13.15% | +148.36% | +144.17% | 0.0% |
How might this significant consolidation of promoter holdings influence Cella Space's future capital raising strategies or potential buyback plans?
What strategic operational changes or management shifts are expected following the reduction of Rajkumar Sivathanupillai's stake from 51.91% to 36.03%?
Will the remaining promoters seek to increase their voting control further, potentially triggering open offer obligations under SEBI takeover regulations?
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