M Ravindran to Acquire 14,00,000 Equity Shares in Raj Television Network Through Inter-se Transfer
M Ravindran will acquire 14,00,000 equity shares (2.6968%) in Raj Television Network Limited from R Vijayalakshmi through inter-se transfer. This internal promoter group transaction will increase M Ravindran's stake from 11.288396% to 13.985198% while reducing R Vijayalakshmi's holding from 5.78% to 3.083%. The transaction is exempt from open offer requirements under SEBI SAST Regulations as it involves transfer between promoter group members.

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M Ravindran has filed a disclosure with stock exchanges regarding his proposed acquisition of 14,00,000 equity shares in Raj Television Network Limited through an inter-se transfer from R Vijayalakshmi. The transaction represents 2.6968% of the company's total share capital and is scheduled to take place any time after 4 working days from March 18, 2026.
Transaction Details
The share transfer involves promoter group members, with M Ravindran being a promoter of the company and R Vijayalakshmi being his wife, who forms part of the promoter group. This internal restructuring falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, 2011.
| Parameter | Details |
|---|---|
| Shares to be Acquired | 14,00,000 |
| Percentage of Share Capital | 2.6968% |
| Transferor | R Vijayalakshmi |
| Transferee | M Ravindran |
| Transaction Type | Inter-se Transfer |
Shareholding Pattern Changes
The proposed transaction will result in changes to individual shareholdings within the promoter group while maintaining the overall promoter group stake.
| Shareholder | Before Transaction | After Transaction | ||
|---|---|---|---|---|
| Shares | Percentage | Shares | Percentage | |
| M Ravindran | 5,860,184 | 11.288396% | 7,260,184 | 13.985198% |
| R Vijayalakshmi | 30,00,400 | 5.78% | 16,00,400 | 3.083% |
Regulatory Compliance
The transaction complies with SEBI regulations as it qualifies for exemption under Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, 2011. M Ravindran has declared that:
- The acquisition price will not exceed 25% above the volume weighted average market price for 60 trading days
- Both transferor and transferee will comply with applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011
- All conditions specified under regulation 10(1)(a) regarding exemptions have been duly complied with
The disclosure has been submitted to both BSE Limited and National Stock Exchange of India Limited, with copies provided to the company's compliance officer Priyanka Mudaliyar. Since this is an inter-se transfer within the promoter group, no open offer is required under SEBI regulations.
Historical Stock Returns for Raj TV Network
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -10.89% | -16.30% | -17.97% | -24.96% | -63.45% | -3.77% |
What strategic initiatives might M Ravindran pursue with his increased 13.98% stake in Raj Television Network Limited?
Could this shareholding consolidation signal preparation for potential expansion or acquisition opportunities in the media sector?
How might this internal restructuring affect Raj Television Network's corporate governance and decision-making processes?































