Raj Television Network Limited saw a reduction in shareholding by Kiran Kumar Jain M., who disposed of 13,97,861 shares, representing 2.692% of the company's total voting capital. The transaction was executed through the open market on October 22, 2026.

This sale brings Jain's residual stake down to 35,83,686 shares, or 6.909% of the equity capital. Prior to this disposal, his holding stood at 49,81,547 shares (9.601%). The seller is not part of the promoter or promoter group.

Transaction Details

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The entire disposal consisted of equity shares carrying voting rights, with no involvement of warrants, convertible securities, or encumbrances such as pledges or liens.

Capital Structure Impact

The company's total equity share capital remained unchanged at ₹25.96 crore before and after the transaction. Since the sale was conducted in the open market, there was no dilution or change in the total diluted share capital. The stock exchange listing for the target company includes both the Bombay Stock Exchange and the National Stock Exchange.

What the Numbers Show

The seller's stake decreased by a relative 28.04% (calculated as 2.692 divided by 9.601) in a single trading day. Despite this significant reduction, Kiran Kumar Jain M. remains a substantial shareholder with nearly 7% ownership, maintaining a position well above typical retail thresholds but below major institutional or promoter blocks. The absence of any encumbrances on the remaining 35,83,686 shares indicates that the residual holding is free from pledges or liens.

Raj Television Network Limited witnessed a significant share disposal by non-promoter Kiran Kumar Jain M., who sold 4,79,284 equity shares on October 12, 2026. This transaction reduced his stake in the media company from 10.524% to 9.601% of the total voting capital.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The seller, who does not belong to the promoter or promoter group, executed the sale through the open market mechanism. The total equity share capital of the target company remained unchanged at ₹25.96 crore before and after the transaction.

Stake Reduction Details

The filing details the pre- and post-disposal holdings of Kiran Kumar Jain M. Prior to the sale, he held 54,60,831 shares carrying voting rights, representing 10.524% of the company's voting capital. There were no encumbrances, warrants, or convertible securities associated with his holding at that time.

Following the disposal of 4,79,284 shares (0.923% of voting capital), his residual holding stands at 49,81,547 shares, accounting for 9.601% of the total voting capital. The transaction date is recorded as October 12, 2026.

Regulatory and Entity Information

The target company is listed on both the Bombay Stock Exchange and the National Stock Exchange of India. The disclosure identifies Hemaa Kiran Kumar as a person acting in concert with the seller, though she is not listed as a promoter. The PAN for the seller is ACHPM2247E, and for the PAC member, it is AAHPK8099G.

What the Numbers Show

The disposal marks a strategic reduction in stake by a non-promoter entity. By selling exactly 0.923% of the voting capital, Kiran Kumar Jain M. has moved his holding below the 10% threshold, which often triggers different regulatory reporting requirements for substantial shareholders. The consistency of the total voting capital at ₹25.96 crore confirms this was a secondary market transaction involving existing shares, not a dilution event through new issuance.