Rakesh Tainwala and Associated Entities Report Acquiring Shares in Tainwala Chemicals
Rakesh Dungarmal Tainwala, along with several associated parties, has acquired shares of Tainwala Chemicals and Plastics (India) Ltd. The acquisition details pertain to the holding of voting rights and equity shares in the company.The target company is Tainwala Chemicals And Plastics (India) Ltd. The acquirer is Rakesh Dungarmal Tainwala. Associated persons in concert (PACs) include Shobha Tainwala, Rajkumar Tainwala, Ramesh Tainwala, Arushi Rajkumar Tainwala, and Concept Reality and Securities Private Limited PAC.
The information regarding the acquisition is presented as follows:
| Holding Category | Before Acquisition |
|---|---|
| Shares carrying voting rights | 63,53,459 (representing 67.85% w.r.t. total share/voting capital) |
| Shares in the nature of encumbrance | 63,53,459 |
| Total Holding (a+b+c+d) | 63,53,459 |
Prior to the acquisition under consideration, the acquirer and associated parties held 63,53,459 shares carrying voting rights, which constituted 67.85% of the total share/voting capital. The total diluted share/voting capital of Tainwala Chemicals And Plastics (India) Ltd after this acquisition was reported as 93,63,863 Equity Shares of Rs. 10/- each.
Acquisition Details and Changes in Holding
The details of the acquisition indicate a change in the holding structure:| Description | Before Acquisition | After Acquisition |
|---|---|---|
| Shares carrying voting rights (a) | - | 63,53,459 (representing 67.85%) |
| VRs acquired otherwise than by equity shares (b) | 5,86,464 | 6.26% |
| Total Holding (a+b+c+/-d) | N.A. | 67.85% |
The acquisition included the mode of open market purchase and inter-se transfer among immediate relatives by way of gift from Mr. Rajkumar Tainwala to Mr. Rakesh Dungarmal Tainwala, affecting the shareholding. The total diluted share/voting capital after the said acquisition was 93,63,863 Equity Shares of Rs. 10/- each.
The company’s equity share capital and total voting capital before the said acquisition were reported as 93,63,863 Equity Shares of Rs. 10/- each.
TAINWALCHM Stock Price Movement
Tainwala Chemical and Plastic (I) Limited shares rallied today, closing up 1.73% to settle at ₹199.96 after the market closed. The equity traded within a tight intraday range, touching a low of ₹195 while briefly peaking at ₹200.01.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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