Ramdevbaba Solvent Limited Increases Stake in RBS Renewables Private Limited, Boosting Holding to 64.82%
Ramdevbaba Solvent Limited has acquired an additional equity stake in its subsidiary company, M/s RBS Renewables Private Limited. This acquisition is intended to give the parent company better control over the entity. The Board of Directors approved the transaction on June 24, 2026.Following the purchase, Ramdevbaba Solvent Limited's aggregate shareholding in RBS Renewables Private Limited will increase from 50.82% to 64.82%. This growth was achieved through the acquisition of an additional 14% equity shares from existing shareholders of M/s RBS Renewables Private Limited.
The total cost of this acquisition stands at Rs. 3,64,35,000.00, paid in cash. The transaction involves Ramdevbaba Solvent Limited acquiring 35,00,000 equity shares. This move ensures the company has stronger oversight and control over its subsidiary's operations.
The acquisition is classified as a related party transaction, given that RBS Renewables Private Limited is a subsidiary of Ramdevbaba Solvent Limited, and Nilesh Suresh Mohata, Managing Director of the parent company, is also a director of the subsidiary entity and belongs to the promoter group. The acquisition was conducted at arm's length after obtaining prior approval from the Audit Committee of Ramdevbaba Solvent Limited.
Stake Holding Comparison
The increase in stake has significantly altered the shareholding structure between both entities. Details regarding the pre-acquisition holding, the additional shares acquired, and the resulting post-acquisition position are summarized below:| Particulars | Pre Holding of Ramdevbaba Solvent Limited in RBS Renewables Private Limited | Additional Increase in Stake | Post Holding of Ramdevbaba Solvent Limited in RBS Renewables Private Limited |
|---|---|---|---|
| Percentage of Holding | 50.82% | 14.00% | 64.82% |
| Number of Equity Shares | 1,27,05,000 | 35,00,000 | 1,62,05,000 |
Subsidiary Company Background
M/s RBS Renewables Private Limited is engaged in the manufacturing of Grain based Ethanol, DDGS and other by-products. The company was incorporated on October 29, 2021, and operates within the Grain based Ethanol, Biofuel and ENA Industry, including operating a 6 Mw captive power plant.The financial performance of the subsidiary over the last three fiscal years is as follows:
| Fiscal Year | Turnover |
|---|---|
| FY 2023-24 | Nil |
| FY 2024-25 | Rs. 25.26 Lacs |
| FY 2025-26 | Rs. 196.85 Lacs |
The acquisition is indicative of a planned completion period of 30 days.
RBS Stock Price Movement
As of 1:31 PM, shares of Ramdevbaba Solvent Limited are trading flat at ₹84, holding steady as the stock holds near its previous close with no change recorded. The equity sees narrow intraday movement, currently fluctuating between a low of ₹83 and a high of ₹84 amidst 3,200 shares traded in the live market.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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