Rajesh Sharma Group Surpasses 5% Stake in Winsome Yarns Ltd
The Rajesh Sharma group has increased their stake in Winsome Yarns from 4.95% to 5.06%, crossing the 5% threshold. This increase was primarily due to the acquisition of 80,759 shares by Dnyaneshwar Trading & Investments Pvt. Ltd on August 7. The group's total holding now stands at 3,580,759 shares. This development has triggered disclosure requirements under SEBI regulations. Rajesh Sharma, as the acquirer, has filed the necessary disclosures with the BSE and NSE.
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Rajesh Sharma and associated persons have increased their stake in Winsome Yarns , crossing the 5% threshold through open market transactions. This development has triggered disclosure requirements under SEBI regulations.
Stake Increase Details
The Rajesh Sharma group's total holding in Winsome Yarns has risen from 3,500,000 shares (4.95%) to 3,580,759 shares (5.06%). This increase was primarily due to the acquisition of 80,759 shares by Dnyaneshwar Trading & Investments Pvt. Ltd on August 7.
Shareholding Breakdown
The current shareholding structure of the Rajesh Sharma group in Winsome Yarns is as follows:
| Shareholder | Number of Shares | Percentage |
|---|---|---|
| Rajesh Sharma | 2,800,000 | 3.96% |
| Capri Global Holdings Private Limited | 700,000 | 0.99% |
| Dnyaneshwar Trading & Investments Pvt. Ltd | 80,759 | 0.11% |
| Total | 3,580,759 | 5.06% |
Regulatory Implications
As the group's stake has surpassed the 5% mark, it has triggered disclosure requirements under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rajesh Sharma, as the acquirer, has duly filed the necessary disclosures with the BSE Limited and the National Stock Exchange of India Limited.
Company Background
Winsome Yarns' equity share capital remains unchanged at Rs. 707,072,290. The company's shares are listed on both the BSE (Script Code: 514348) and the National Stock Exchange of India Limited.
Acquisition Details
The acquisition was executed through open market transactions. Dnyaneshwar Trading & Investments Pvt. Ltd, part of the Rajesh Sharma group, purchased the additional 80,759 shares on August 7.
It's worth noting that Rajesh Sharma does not belong to the Promoter/Promoter group of Winsome Yarns, as per the disclosure filed.
This stake increase by the Rajesh Sharma group may be of interest to market watchers and other shareholders of Winsome Yarns.
Historical Stock Returns for Winsome Yarns
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.96% | -2.83% | +7.29% | +15.08% | -50.00% | -75.91% |
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