Nivee Holdings Private Limited has disclosed the acquisition of 4,00,000 equity shares, representing 0.1189% of the total share capital, in Rain Industries Limited. The transaction was executed on March 24, 2026, through the open market. Following this acquisition, Nivee Holdings’ total voting rights in Rain Industries have increased to 2.54% (85,43,250 shares). The disclosure details the change in shareholding for both Nivee Holdings and the entire Promoter Group.
Disclosure of Share Acquisition
Nivee Holdings Private Limited has formally notified exchanges regarding a substantial acquisition of shares in Rain Industries Limited. The filing, made pursuant to the requisite regulations, confirms the purchase of 4,00,000 equity shares on March 24, 2026, via the open market route. This transaction resulted in an increase in the stake held by Nivee Holdings to 0.1189% of the total share capital.
Post-Acquisition Shareholding Status
Prior to the transaction, Nivee Holdings held 81,43,250 shares, equating to 2.42%. Post-acquisition, the total holding stands at 85,43,250 shares, representing 2.54% of the total voting capital of Rain Industries Limited. The total equity share capital of Rain Industries remains unchanged at 33,63,45,679 Equity Shares of Rs. 2/- each.
Promoter Group Holding Changes
The disclosure also provided a detailed breakdown of the Promoter Group’s shareholding before and after the acquisition. The total shareholding of the promoter group, including Nivee Holdings, increased from 13,85,35,053 shares (41.19%) to 13,89,35,053 shares (41.31%) following the transaction. Notably, individual holdings for the key members of the promoter group, such as Mr. N. Radhakrishna Reddy and Mr. N. Sujith Kumar Reddy, remained unchanged, with the acquisition flowing entirely through Nivee Holdings Private Limited.
Transaction Details Summary
The mode of acquisition was explicitly stated as “Purchase of Equity Shares from Open Market”. The filing was executed by N. Sujith Kumar Reddy, Director of Nivee Holdings Private Limited, on March 25, 2026, documenting the transaction dated the previous day.
Source: BSE
