Rolex Rings Completes Extinguishment of 10 Million Equity Shares in Buyback Transaction
Rolex Rings Limited has completed the extinguishment of 10,000,000 equity shares following a tender offer buyback. The transaction was concluded at a price of INR 180/- per share, accounting for an aggregate consideration of INR 180 Crores.The buyback marked a significant operational update for the company's capital structure. Prior to the extinguishment, Rolex Rings Limited held 272,333,120 equity shares, and following the completion of the process, the total outstanding equity share capital stands at 262,333,120 shares.
The completed transaction details regarding the shift in company capital are as follows:
| Status | Equity Shares Before Extinguishment | Number of Shares Extinguished | Equity Shares After Extinguishment |
|---|---|---|---|
| Total Capital | 272,333,120 | 10,000,000 | 262,333,120 |
Shareholding Pattern Post Buyback
The buyback resulted in shifts across various shareholder categories. The company's total share capital and ownership percentages before and after the transaction are detailed below:| Category of Shareholder | Shares Pre-Buyback | % to Existing Equity Capital | Shares Post-Buyback | % to Post-Buyback Equity Capital |
|---|---|---|---|---|
| Promoter, the Promoter Group | 142,266,251 | 52.24% | 142,266,251 | 54.23% |
| Foreign Investors (including Non Resident Indians / FIIs/ Foreign Nationals) | 15,887,455 | 5.83% | 120,066,869 | 45.77% |
| Financial Institutions/ Banks & Mutual Funds/ Insurance Co. | 77,949,346 | 28.62% | 120,066,869 | 45.77% |
| Others (Individuals, Bodies Corporate, Employees, etc.) | 36,230,068 | 13.30% | 120,066,869 | 45.77% |
Extinguishment Details of Equity Shares
The extinguishment process covered both dematerialized and physical shares. The following details pertain to the securities extinguished in dematerialized form:| Depository Name | Date of Extinguishment | No. of Equity Shares Extinguished |
|---|---|---|
| Central Depository Services (India) Limited | July 28, 2026 | 10,000,000 |
No equity shares in physical form were extinguished during the process. The total number of Equity Shares extinguished and destroyed across both formats is 10,000,000.
ROLEXRINGS Stock Price Movement
Rolex Rings Limited's shares settled today, shedding 0.36% to close at ₹136.95 after trading in the post-market session. The stock experienced a range between a low of ₹135.50 and a high of ₹139.00, with a total traded volume registering 395,375 shares.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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