Promoter Acquires 2,250 Shares in Riddhi Steel and Tube Limited via Open Market
Ridhi Steel and Tube Limited saw an acquisition of shares by its promoter on June 23, 2026. RAJESHKUMAR RAMKUMAR MITTAL, identified as a promoter, acquired 2,250 equity shares of the company through the open market.The transaction details indicate that RAJESHKUMAR RAMKUMAR MITTAL conducted the purchase. The acquisition of these equity shares represents 0.02% of the total diluted share or voting capital of Riddhi Steel and Tube Limited.
This move brings the combined holding of the acquirer and Persons Acting in Concert (PACs) to a slightly higher level, according to financial data provided for the company.
Acquisition Metrics and Holdings
The following table summarizes the holdings and acquisition details before and after the purchase of the shares:| Metric | Before Acquisition (Acquirer + PAC) | After Acquisition (Acquirer + PAC) |
|---|---|---|
| Shares Carrying Voting Rights | 11,26,025 | 11,28,275 |
| Total Share Capital | 92,89,448 shares | 92,91,698 shares |
| Percentage of Holding (Individual Acquirer) | 9.05% | 9.07% |
| Percentage of Holding (Together with PAC) | 65.65% | 65.65% |
Financial Overview
Details regarding the company's capital structure and transaction mode are as follows:- Acquisition Date: June 23, 2026
- Mode of Acquisition: Open market
- Type of Securities Acquired: Equity Shares
- Equity Share Capital/Total Voting Capital Before Acquisition: Rs. 12,43,53,780/- (representing 1,24,35,378 Equity shares of Rs. 10/- Each)
- Equity Share Capital/Total Voting Capital After Acquisition: Rs. 12,43,53,780/- (representing 1,24,35,378 Equity shares of Rs. 10/- Each)
RAJESHKUMAR RAMKUMAR MITTAL is listed as the acquirer and belongs to the Promoter group, alongside several other members listed as Persons Acting in Concert (PACs), including RAJESH R MITTAL HUF, PREETI RAJESH MITTAL, RAJAT RAJESH MITTAL, and RIDDHIRAJESHMITTAL.
Stock Price Movement
Riddhi Steel and Tube Ltd. shares settled on Wednesday at ₹217.55, sinking 5.00% from previous close. The stock spent the entire trading session locked in place, with its intraday high and low both recording exactly ₹217.55.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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