Promoter Group Member Sells Shares in Riddhi Siddhi Gluco Biols Ltd, Achieving Minimum Public Shareholding
Vital Connections LLP, a member of the Promoter Group of Riddhi Siddhi Gluco Biols Limited, has completed the sale of a portion of its equity shares. The transaction helped the company achieve the requisite Minimum Public Shareholding (MPS) levels through an Offer for Sale conducted via stock exchange mechanism.The sale involved 8,23,422 equity shares of Riddhi Siddhi Gluco Biols Limited. These shares had a face value of Rs. 10/- each and represented 11.55% of the total issued and paid-up equity share capital of the company. The Offer for Sale was conducted over two days, opening on June 22, 2026, and concluding on June 23, 2026.
The completion of this transaction brought significant shifts to the ownership structure of Riddhi Siddhi Gluco Biols Limited. According to the company statement, the Promoter and Promoter Group's aggregate shareholding in the company decreased from 86.55% to 75%. Correspondingly, public shareholding increased to 25%, thus meeting the Minimum Public Shareholding requirement of 25%.
Key details regarding the share sale are summarized below:
| Metric | Details |
|---|---|
| Seller | Vital Connections LLP (Promoter Group Member) |
| Shares Sold | 8,23,422 |
| Face Value per Share | Rs. 10/- |
| Shareholding Represented | 11.55% of total issued and paid-up equity capital |
The move ensures that the company adheres to the required public shareholding standards following the sale of shares by the promoter group member.
Stock Price Movement
Riddhi Siddhi Gluco Biols Ltd. shares closed today trading down, settling at ₹749.90, which represents a 3.83% loss. The stock traded within an intraday range, moving from a low of ₹740.80 to a high mark of ₹753.00.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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