7NR Retail Limited has announced the allotment of 45,00,000 equity shares to Rakeshkumar Narayanbhai Patel. This allotment was made on a preferential basis for consideration other than cash, on a share swap basis, as disclosed on September 11, 2026. This transaction represents 3.81% of the company’s total share capital and impacts the total diluted share capital.
Preferential Share Allotment Announced
7NR Retail Limited has formally disclosed a significant share allotment event, involving 45,00,000 equity shares. This allotment was made to Rakeshkumar Narayanbhai Patel, a key figure in the company’s substantial acquisition disclosures.
Transaction Details
The shares were allotted on a preferential basis, specifically for consideration other than cash, structured as a share swap. This transaction took place on September 11, 2026, as per the disclosure filed under SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011.
Impact on Share Capital
Following this allotment, Rakeshkumar Narayanbhai Patel now holds 3.81% of the total share capital of 7NR Retail Limited. The disclosure also indicates that this acquisition represents 3.81% of the total diluted share capital of the company, reflecting a notable change in the company’s ownership structure.
Company’s Capital Structure
The document also provides details on the company’s equity share capital before and after the said acquisition. Before the acquisition, the paid-up capital was Rs. 28,00,68,000, representing 2,80,06,800 shares of Rs. 10/- each. Post-acquisition, the paid-up capital increased to Rs. 1,18,00,68,000, comprising 11,80,06,800 shares of Rs. 10/- each. The total diluted share capital also stands at Rs. 1,18,00,68,000.
Source: BSE
