Rama Investment Acquires 3.88 Lakh Dalmia Bharat Shares in Inter-Se Transfer
Rama Investment Company Private Limited acquired 3,88,000 equity shares of Dalmia Bharat Limited from Keshav Power Limited through an on-market inter-se transfer on March 24, 2026. The transaction increased Rama Investment's shareholding from 4.83% to 5.04% while maintaining the overall promoter group holding at 55.84%, reflecting strategic internal restructuring within the Dalmia group ecosystem.
*this image is generated using AI for illustrative purposes only.
Rama Investment Company Private Limited has acquired 3,88,000 equity shares of Dalmia Bharat Limited from Keshav Power Limited through an inter-se transfer executed on March 24, 2026. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Details
The acquisition represents a strategic internal restructuring within the Dalmia promoter group ecosystem. Rama Investment Company's shareholding in Dalmia Bharat increased from 90,63,790 shares (4.83%) to 94,51,790 shares (5.04%) following the transaction.
| Transaction Overview: | Details |
|---|---|
| Shares Acquired: | 3,88,000 |
| Transaction Date: | March 24, 2026 |
| Mode: | On-market inter-se transfer (Block Deal) |
| Seller: | Keshav Power Limited |
| Percentage Increase: | 0.21% |
Shareholding Pattern Changes
The transaction resulted in corresponding changes within the promoter group structure while maintaining the overall consolidated holding. Keshav Power Limited's stake decreased by the same quantum that Rama Investment Company gained.
| Shareholding Details: | Before Transaction | After Transaction | Change |
|---|---|---|---|
| Rama Investment Company: | 90,63,790 (4.83%) | 94,51,790 (5.04%) | +3,88,000 |
| PAC Entities Combined: | 9,56,67,758 (51.01%) | 9,52,79,758 (50.80%) | -3,88,000 |
| Total Promoter Group: | 10,47,31,548 (55.84%) | 10,47,31,548 (55.84%) | No Change |
Regulatory Compliance
The disclosure was filed by Rama Investment Company Private Limited on March 26, 2026, confirming compliance with SEBI takeover regulations. The company, incorporated in 1972 with CIN U74899CT1972PTC016043, operates from its corporate office at Hansalaya Building, New Delhi.
Promoter Group Structure
The Dalmia Bharat promoter group comprises 69 entities including individual promoters from the Dalmia family, corporate entities, investment companies, and various trusts. Key individual promoters include Y.H. Dalmia, Kavita Dalmia, Gautam Dalmia, and other family members.
| Company Information: | Details |
|---|---|
| Total Equity Shares: | 18,75,65,953 |
| Face Value per Share: | Rs. 2.00 |
| Listing Exchanges: | BSE Limited, NSE |
| Equity Capital: | Unchanged post-transaction |
This internal transfer reflects ongoing portfolio optimization within the promoter group structure, allowing for strategic positioning of shareholdings across different group entities while maintaining consolidated control over Dalmia Bharat Limited.
Historical Stock Returns for Dalmia Bharat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.65% | -4.76% | -9.97% | -19.52% | +0.44% | +14.99% |
What strategic initiatives might Dalmia Bharat pursue that would benefit from this internal shareholding restructuring?
Could this promoter group reorganization signal preparation for a larger corporate restructuring or spin-off within the Dalmia ecosystem?
How might this internal transfer impact Dalmia Bharat's ability to raise capital or attract institutional investors in the coming quarters?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
