Raj Television Network Ltd Announces Inter-se Transfer of Shares
Raj Television Network Limited announced on March 18, 2026, an inter-se transfer of shares amongst the promoter group. M Ravindran acquired 14,00,000 equity shares, representing 2.6968%, held by R Vijayalakshmi.The transaction falls under the general exemption provided by Regulation 10(1)(a)(i) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. According to the company, the aggregate holding of the promoter and promoter group remains unchanged as a result of this transfer.
Shareholding Details
The shareholding details prior to and following the transaction are presented below:
| Shareholder | Before Transaction | After Transaction |
|---|---|---|
| M Ravindran and Promoter Group | 5,860,184 shares (11.288396%) | 7,060,184 shares (13.985198%) |
| R Vijayalakshmi | 30,00,400 shares (5.78%) | 26,00,400 shares (3.083%) |
M Ravindran, the acquirer and promoter, confirmed that the acquisition price would not exceed 25% above the price computed in compliance with Regulation 10(1)(a) of the SEBI (SAST) Regulations, 2011. The transferor and transferee have complied with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011.
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