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RR MetalMakers India Limited promoters sell 70.66% stake to RB International Holdings
30-Jul-2026, 10:47
RR MetalMakers India Limited announced that Virat Sevantilal Shah and Alok Virat Shah, both promoters of the company, have entered into a share purchase agreement with RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai to sell 63,65,924 equity shares, representing 70.66% of the company's existing equity share capital, at a purchase price of Rs 23.85 per share, totaling Rs 15.18 crore. The transaction will result in a change in control and management of RR MetalMakers India Limited, with the acquirers being classified as the new promoters, while the existing promoters will be reclassified as public shareholders, and the acquirers will be required to make a mandatory open offer to the company's shareholders.
RR MetalMakers India Limited announced that Virat Sevantilal Shah and Alok Virat Shah, both promoters of the company, have entered into a share purchase agreement with RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai to sell 63,65,924 equity shares, representing 70.66% of the company's existing equity share capital, at a purchase price of Rs 23.85 per share, totaling Rs 15.18 crore. The transaction will result in a change in control and management of RR MetalMakers India Limited, with the acquirers being classified as the new promoters, while the existing promoters will be reclassified as public shareholders, and the acquirers will be required to make a mandatory open offer to the company's shareholders.