Ramdevbaba Solvent Limited increases stake in subsidiary RBS Renewables Private Limited
Ramdevbaba Solvent Limited has enhanced its holding in M/s RBS Renewables Private Limited, a subsidiary company, following the approval of its Board of Directors. The company acquired an additional 35,00,000 Equity Shares, increasing its aggregate shareholding from 50.82% to 64.82%.The acquisition decision was reached during a Board meeting held on June 24, 2026. This move is intended to secure better control over the subsidiary entity.
Ramdevbaba Solvent Limited acquired the additional equity shares through a cash consideration transaction at a total cost of Rs. 3,64,35,000.00.
Shareholding Increase and Transaction Details
The details regarding the pre and post acquisition shareholding in RBS Renewables Private Limited are summarized below:| Particulars | Pre-Acquisition Holding | Post-Acquisition Holding |
|---|---|---|
| Shareholding Percentage | 50.82% | 64.82% |
| Number of Equity Shares | 1,27,05,000 | 1,62,05,000 |
| Shares Acquired | N/A | 35,00,000 |
Subsidiary Profile and Industry Overview
M/s RBS Renewables Private Limited is engaged in the grain based Ethanol, Biofuel, and ENA industry. The company specializes in the manufacturing of Grain based Ethanol, DDGS, and other by-products.The subsidiary was incorporated on October 29, 2021, and operates in India. Its financial performance over the last three years is as follows:
| Financial Year | Turnover (Rs.) |
|---|---|
| FY 2025-26 | 196.85 Lacs |
| FY 2024-25 | 25.26 Lacs |
| FY 2023-24 | Nil |
Acquisition Context and Compliance
The acquisition falls under the category of a related party transaction, as M/s RBS Renewables Private Limited is a subsidiary of Ramdevbaba Solvent Limited. Furthermore, Nilesh Suresh Mohata, Managing Director of the company, serves as a director in the entity and belongs to the promoter group. The transaction was conducted at an arm's length and received prior approval from the Audit Committee of Ramdevbaba Solvent Limited.The company has indicated that the indicative time period for the completion of this acquisition is 30 days.
RBS Stock Price Movement
Today, Ramdevbaba Solvent Limited shares edged higher to close at ₹84.50 after the post-market session, recording a 0.60% gain. The stock traded a volume of 12,800 shares during the day and saw an intraday range between ₹83.00 and ₹85.00.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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