Travels & Rentals Ltd. Announces Acquisition of Shares During Rights Issue
Kolkata – Travels & Rentals Limited announced that Devendra Bharat Parekh acquired 33,65,390 shares, representing 30.04% of the company’s total share/voting capital, during the company’s rights issue. This acquisition was disclosed under Regulation 29(2) of the Securities Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Additionally, Pushpa Bhaju acquired 30,00,000 shares of Travels & Rentals Limited. This acquisition represents 12.94% of the total share/voting capital and 12.94% of the total diluted share/voting capital. The acquisition occurred on March 9, 2026, through a rights issue.
Before the acquisition, Devendra Bharat Parekh held 2,61,000 shares, representing 2.33% of the total share/voting capital. After the acquisition, his holding increased to 33,65,390 shares.
Similarly, Pushpa Bhaju's holdings increased from 2,61,000 shares to 30,00,000 shares.
The company’s equity share capital before the rights issue was 1,12,02,685 shares, and after the rights issue, it stands at 2,13,54,685 shares. The total diluted share/voting capital of the company also stands at 2,13,54,685 shares.
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