Promoter's Acquisition Boosts Holding in Riba Textiles Ltd: Babita Garg Purchases Shares
Babita Garg has increased her stake in Riba Textiles Limited through an open market acquisition of shares, bringing her holding up to 4.71%. The acquisition activity occurred on June 12, 2026.The purchase represents a significant addition to the existing holdings of Ms. Garg. Prior to the transaction, she held 4,51,454 equity shares, which equated to a 4.67% holding in Riba Textiles Limited. Following the acquisition, her total shareholding rose to 4,55,427 shares.
Ms. Garg is identified as belonging to the Promoter group of the target company. The purchase was conducted through the open market.
The financial details surrounding the acquisition and subsequent holdings are summarized below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Total Shares Held by Acquirer | 4,51,454 | 4,55,427 |
| Acquisition Amount (Shares) | 3,973 | N/A |
| Shareholding Percentage | 4.67% | 4.71% |
While the acquisition increased Ms. Garg's personal stake, the overall structure of the company's capital remains unchanged. The equity share capital and total voting capital for Riba Textiles Limited stand at 96,52,870 Equity Shares of Rs. 10 each both before and after this transaction.
Stock Price Movement
As of 12:01, Riba Textiles Ltd. shares are ticking down to ₹72.88 after a decline of 0.52%, having fallen by ₹0.38 during trading today. The stock navigated an intraday range, finding support at the low of ₹70.82 and testing highs as high as ₹73.99.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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