Promoter Group Completes Share Transfer in Tainwala Chemicals and Plastics
Tainwala Chemicals and Plastics (India) Ltd has completed a significant inter-se share transfer, with promoter group entities gifting shares to the principal acquirer. The transaction involves an immediate relative gift between Mr. Rajkumar Tainwala and Mr. Rakesh Dungarmal Tainwala, reported on June 3, 2026.The acquisition details pertain to the holdings of Rakesh Dungarmal Tainwala and related entities within the promoter group, including Shobha, Reality and Securities Private Limited (PAC), Tainwala Holdings Private Limited (PAC), and Periwinkle Fashions Private Limited (PAC). The acquirer is classified as a Promoter.
The transaction involved an inter-se transfer among immediate relatives by way of gift. This event impacted the shareholding metrics concerning the target company, Tainwala Chemicals and Plastics (India) Ltd.
Key figures related to the shareholding prior to the acquisition include:
| Metric | Value |
|---|---|
| Shares carrying voting rights (Acquirer PAC) | 63,53,459 |
| Percentage of shares (w.r.t. total share/voting capital) | 67.85% |
The transaction involved the transfer of 5,86,464 shares carrying voting rights, accounting for 6.26% of the total diluted share/voting capital at that time. The acquirer also held 5,86,464 shares encumbered in this process.
Following the acquisition, the holdings stand as follows:
| Post-Transaction Shareholding | Value |
|---|---|
| Shares carrying voting rights (Acquirer PAC) | 5,86,464 |
| Total Diluted Share/Voting Capital of TC after the transaction | 93,63,863 Equity Shares of Rs. 10/- each |
| Percentage of shares held post-acquisition | 61.59% |
The equity share capital and total voting capital of Tainwala Chemicals and Plastics (India) Ltd remained consistent at 93,63,863 Equity Shares of Rs. 10/- each both before and after the said acquisition.
TAINWALCHM Stock Price Movement
Shares of Tainwala Chemical and Plastic (I) Limited are gaining strongly as of 1:02 PM today, trading at ₹199.87 after rising by ₹3.28. The stock sees a volume of 700 shares traded in the live market session.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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