News Orders & Deals Rainbow Agri Industries acquires 6,29,090 equity shares in Rama Petrochemicals through preferential allotmentRainbow Agri Industries acquires 6,29,090 equity shares in Rama Petrochemicals through preferential allotment
Rainbow Agri Industries Limited acquired 6,29,090 equity shares in Rama Petrochemicals Limited through preferential allotment on January 23, 2026, representing 4.08% of the share capital. The acquisition increased the promoter group's voting rights shareholding from 58.28% to 63.28%, while the company's equity share capital expanded from Rs.11,72,41,500/- to Rs.13,32,06,000/-. The transaction was disclosed under SEBI regulations, with Rainbow Agri Industries being part of a larger promoter group comprising multiple individuals and corporate entities.
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Rainbow Agri Industries Limited has acquired a significant stake in Rama Petrochemicals Limited through a preferential allotment, as disclosed under regulatory requirements on January 27, 2026. The transaction involves the acquisition of 6,29,090 equity shares of Rs. 10/- each, completed on January 23, 2026.
Acquisition Details
The share acquisition was executed through preferential allotment, with Rainbow Agri Industries Limited acting as the acquirer. The company belongs to the promoter group of Rama Petrochemicals Limited, which includes multiple entities and individuals working in concert.
| Parameter: | Details |
|---|---|
| Shares Acquired: | 6,29,090 equity shares |
| Share Value: | Rs. 10/- each |
| Acquisition Date: | January 23, 2026 |
| Mode: | Preferential Allotment |
| Percentage Acquired: | 4.08% |
Shareholding Pattern Changes
The acquisition has resulted in significant changes to the shareholding pattern of Rama Petrochemicals Limited. The promoter group's holding in shares carrying voting rights increased substantially following this transaction.
| Shareholding Metric: | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Voting Rights Shares: | 68,32,952 (58.28%) | 84,29,402 (63.28%) | +4.08% |
| Warrants/Convertible Securities: | 36,96,200 (23.97%) | 20,99,750 (13.62%) | -10.35% |
| Total Holdings: | 1,05,29,152 (68.28%) | 1,05,29,152 (68.28%) | No change |
Capital Structure Impact
The preferential allotment has expanded Rama Petrochemicals Limited's equity base, with the company's total equity share capital increasing from Rs.11,72,41,500/- to Rs.13,32,06,000/-. The total diluted share capital after the acquisition stands at Rs.13,32,06,000/-.
Promoter Group Composition
The promoter group includes Rainbow Agri Industries Limited as the acquirer, along with several individuals and entities acting in concert:
- Individual promoters: Bhavesh Mahesh Karani, Haresh Daulat Ramsinghani, Pooja D. Ramsinghani, Nilanjana Haresh Ramsinghani, Shefali Bhavesh Karani, and Nikita Chauruza
- Corporate entities: Libra Mercantile Private Limited, Rama Phosphates Limited, Jupiter Corporate Services Pvt. Ltd., Blue Lagoon Investments Pvt. Ltd., Trishul Mercantile Private Limited, Rama Capital And Fiscal Services Pvt. Ltd., Rama Industries Limited, Silver Eagle Inc., and Precision Trading Ltd.
Regulatory Compliance
The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rama Petrochemicals Limited is listed on BSE Limited, and the transaction complies with all applicable regulatory requirements for substantial acquisition disclosures.
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