Rajasthan Global Securities acquires 5.01% stake in FX Multitech

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • Rajasthan Global Securities Private Limited acquired 7,20,000 shares of FX Multitech Ltd via IPO allotment
  • The stake represents 5.01% of the total voting and diluted share capital
  • Pre-acquisition holding for the acquirer and its Persons Acting in Concert was zero
  • The transaction date was September 25, 2026, with disclosure filed under SEBI SAST Regulations
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FX Multitech Ltd disclosed that Rajasthan Global Securities Private Limited (RGSPL) acquired a 5.01% equity stake in the company through an IPO allotment on September 25, 2026.

The acquisition comprises 7,20,000 equity shares carrying voting rights. This transaction marks the initial holding for RGSPL and its Persons Acting in Concert (PACs), as their pre-acquisition stake was zero.

Acquisition details and persons acting in concert

The disclosure was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. RGSPL is not part of the promoter or promoter group of FX Multitech.

The following entities are identified as Persons Acting in Concert with the acquirer:

  • LRSD Capital Pvt Ltd (formerly known as LRSD Securities Pvt Ltd)
  • RGSPL Investment LVF-1
  • Promising Horticulture & Consultancy Pvt Ltd
  • RGSPL Consultancy Pvt Ltd

The mode of acquisition is specified as IPO Allotment. The shares were allotted on September 25, 2026, with the intimation received by the target company on this date.

Shareholding structure before and after acquisition

The table below outlines the change in shareholding position for the acquirer and its PACs:

Metric Before Acquisition After Acquisition
Number of shares - 7,20,000
% of total voting capital - 5.01%
% of diluted capital - 5.01%

The total equity share capital of FX Multitech remained unchanged at 1,43,59,600 equity shares of ₹10 each both before and after the acquisition. The total diluted share capital also remains at 1,43,59,600 equity shares.

What the numbers show

The acquisition represents a fresh entry into the company's shareholder base. Since the pre-acquisition holding for RGSPL and its associated entities was nil, the entire 5.01% stake was acquired through the IPO allotment process rather than secondary market purchases or preferential allotments. The consistency between the total voting capital and diluted capital indicates no outstanding convertible securities or warrants that would alter the denominator for percentage calculations.

Historical Stock Returns for FX Multitech

1 Day5 Days1 Month6 Months1 Year5 Years
-1.32%+9.74%+9.74%+9.74%+9.74%+9.74%

Will RGSPL or its Persons Acting in Concert increase their stake in FX Multitech beyond the current 5.01% threshold in the near term?

How might this institutional entry by Rajasthan Global Securities influence FX Multitech's stock liquidity and price volatility post-IPO?

Are there any upcoming corporate actions or strategic partnerships expected from FX Multitech that align with RGSPL's investment thesis?

1 Year Returns:+9.74%