Chandrikaben Kanubhai Patel has disclosed the acquisition of 45,00,000 equity shares in 7NR Retail Limited. The acquisition was made on a preferential basis, other than for cash, through a share swap arrangement. This transaction resulted in Ms. Patel holding 3.81% of the total diluted share capital of 7NR Retail Limited post-acquisition.
Significant Share Acquisition in 7NR Retail Limited
Chandrikaben Kanubhai Patel has formally disclosed a substantial acquisition of equity shares in 7NR Retail Limited. The disclosure, made in accordance with SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, details the acquisition of 45,00,000 equity shares. This transaction was executed on a preferential basis, utilizing a share swap mechanism as consideration, meaning it was not a cash transaction.
Details of the Transaction
Following this acquisition, Chandrikaben Kanubhai Patel now holds 45,00,000 shares, representing 3.81% of the total diluted share capital of 7NR Retail Limited. Prior to this transaction, Ms. Patel held 0.00% of the company’s voting rights and equity. The acquisition marks a notable increase in her stake within 7NR Retail Limited.
Confirmation and Record
The disclosure was submitted on September 11, 2026. The company has been requested to take this disclosure on record. The transaction highlights a significant change in the shareholding structure of 7NR Retail Limited, with Chandrikaben Kanubhai Patel emerging as a substantial shareholder.
Source: BSE
