Promoter Acquires Shares of Riba Textiles Limited, Increasing Stake to 6.91%
Bhawna Garg has acquired additional equity shares of Riba Textiles Limited, increasing their stake in the company. The acquisition was conducted through the Open Market on June 04, 2026.The transaction resulted in Bhawna Garg’s holding rising from 6.72% to 6.91%.
As per the disclosed details, the acquirer, Bhawna Garg, is part of a Promoter group regarding the acquisition of shares in Riba Textiles Limited. The shares were acquired via the Open Market route.
The transaction details are summarized as follows:
| Detail | Before Acquisition | After Acquisition |
|---|---|---|
| Holding Percentage | 6.72% | 6.91% |
| Shares Acquired (Voting Rights) | N/A | 18,097 |
The equity share capital of Riba Textiles Limited stood at 96,52,870 Equity Shares of Rs. 10 each both before and after the acquisition, with a total diluted share/voting capital remaining at 96,52,870 Equity Shares of Rs. 10 each.
The details of the holding before the acquisition included:
| Parameter | Details |
|---|---|
| Shares Carrying Voting Rights | A portion totaling 649095 shares (6.72%) |
| Total Holding | 6.72% |
Following the Open Market acquisition of 18,097 shares carrying voting rights, the total holding percentage increased to 6.91%.
Stock Price Movement
Riba Textiles Ltd settled at ₹68.21 on Friday, sinking 1.88% in the market. The shares demonstrated significant volatility during the day, fluctuating across an intraday range that spanned from a low of ₹68.01 to a high of ₹75.85.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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