Riddhi Portfolio Private Limited has announced the acquisition of 50,000 equity shares in Ramkrishna Forgings Limited. This transaction leads to a change in the shareholding pattern of Ramkrishna Forgings, with Riddhi Portfolio’s stake increasing to 40.98% of the total share capital. The disclosure follows the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency in significant shareholding changes.
Riddhi Portfolio Private Limited Increases Stake in Ramkrishna Forgings
Riddhi Portfolio Private Limited has formally disclosed a significant acquisition of 50,000 equity shares in Ramkrishna Forgings Limited, the target company. This transaction has resulted in a notable shift in the shareholding structure of Ramkrishna Forgings.
Disclosure Under SEBI Regulations
The disclosure has been made in strict accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This compliance ensures that regulatory bodies and the market are informed about substantial changes in share ownership. The acquisition specifically pertains to shares carrying voting rights.
Shareholding Details Post-Acquisition
Following the acquisition of these 50,000 equity shares, Riddhi Portfolio Private Limited, along with its Persons Acting in Concert (PACs), now holds a total of 7,60,94,606 equity shares. This represents 41.01% of the total voting capital of Ramkrishna Forgings Limited. Prior to this acquisition, the combined holding stood at 7,60,44,606 equity shares, amounting to 40.98% of the total voting capital.
The detailed breakdown of the holdings before the acquisition includes 6,33,82,039 shares held by Riddhi Portfolio Private Limited itself, and various holdings by individuals such as Mr. Naresh Jalan, Mr. Chaitanya Jalan, Mrs. Rashmi Jalan, Naresh Jalan HUF, Mrs. Radhika Jalan, Mr. Mahabir Prasad Jalan, Mahabir Prasad Jalan HUF, and Ms. Riddhi Jalan.
The acquisition took place on 8 November, 2026, via an Open Market purchase. The total equity share capital of Ramkrishna Forgings Limited before this acquisition was valued at Rs. 37,11,40,034/-, representing 18,55,70,017 Equity Shares with a face value of Rs. 2/- each. The equity share capital and total voting capital remained the same after the said acquisition.
Source: BSE
