R S Software CEO Rajnit Rai Jain Boosts Stake with 22,000 Equity Shares Purchase
Rajnit Rai Jain, CEO and Managing Director of RS Software, acquired 22,000 shares over two days. On August 7, he bought 19,546 shares, and on August 6, he purchased 2,454 shares at approximately ₹66.18 per share. This increased his stake from 39.37% to 10,192,628 shares. The company complied with SEBI regulations by submitting Form C to stock exchanges.

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RS Software (India) Ltd, a prominent player in the software industry, has reported significant insider buying activity by its top executive. Rajnit Rai Jain, the company's Promoter, CEO, and Managing Director, has increased his stake in the firm through two separate transactions.
Recent Transactions
According to regulatory filings, Mr. Jain made the following purchases:
- On August 7, he acquired 19,546 equity shares from the open market.
- On August 6, he purchased 2,454 equity shares.
These transactions, totaling 22,000 shares, demonstrate the CEO's confidence in the company's future prospects.
Regulatory Compliance
RS Software has duly complied with the Securities and Exchange Board of India (SEBI) regulations on insider trading. The company submitted Form C to the stock exchanges, as required under SEBI's Prohibition of Insider Trading Regulations, 2015.
Shareholding Impact
Prior to these transactions, Mr. Jain held 10,170,628 equity shares, representing a 39.37% stake in the company. Following the purchases:
- His shareholding increased to 10,173,082 shares after the August 6 transaction.
- The August 7 acquisition further boosted his stake to 10,192,628 shares.
Transaction Details
While the exact market price of the shares during these transactions was not disclosed for both dates, the August 6 purchase provides some insight:
Date | Shares Acquired | Total Value (₹) | Approximate Price per Share (₹) |
---|---|---|---|
August 6 | 2,454 | 162,398.60 | 66.18 |
Company Overview
RS Software (India) Ltd, listed on both the Bombay Stock Exchange and the National Stock Exchange, is known for its software solutions. The company's consistent insider buying activity by its top executive may be viewed as a positive signal by market participants.
Conclusion
The recent share purchases by CEO Rajnit Rai Jain underscore his commitment to RS Software and could be interpreted as a vote of confidence in the company's future. Investors and market analysts often consider such insider transactions as important indicators when evaluating a company's prospects.
Vijendra Kumar Surana, the CFO & Company Secretary of RS Software, signed the intimation letters to the stock exchanges, ensuring transparency and compliance with regulatory requirements.
Historical Stock Returns for RS Software
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-4.56% | -4.35% | -2.63% | +1.12% | -72.52% | +230.49% |