Nivee Holdings Private Limited, a promoter group entity of Rain Industries Limited, has disclosed the acquisition of 4,00,000 equity shares, representing 0.1189% of the total share capital. The transaction occurred on March 24, 2026, via open market purchases. This acquisition increases the promoter group’s total shareholding from 41.19% to 41.31%, reflecting continued confidence in the company’s outlook.
Nivee Holdings Increases Stake in Rain Industries
Rain Industries Limited formally announced that it received a disclosure from Nivee Holdings Private Limited, an entity within the Promoter Group, concerning the acquisition of shares in the company. The transaction was executed on the open market on March 24, 2026.
Details of Share Acquisition
Nivee Holdings acquired 4,00,000 equity shares, which translates to a 0.1189% stake in the company based on the existing share capital. Prior to this acquisition, Nivee Holdings held 81,43,250 shares (2.42%). Post-acquisition, its holding stands at 85,43,250 shares, representing 2.54% of the total equity capital.
Impact on Promoter Group Holding
The disclosure also detailed the consolidated shareholding pattern of the entire Promoter Group. The total pre-acquisition holding for the group stood at 13,85,35,053 shares (41.19%). Following the acquisition by Nivee Holdings, the total promoter group holding has increased to 13,89,35,053 shares, amounting to 41.31% of the total share capital of Rain Industries Limited.
Total Share Capital Context
The disclosures confirmed that the total equity share capital of the Target Company (TC), Rain Industries Limited, remained constant at 33,63,45,679 Equity Shares of Rs. 2/- each both before and after the said acquisition.
Source: BSE
