Nivee Holdings Private Limited, a promoter of Rain Industries, has acquired 4,00,000 equity shares of the company, representing a 0.1189% stake, on 24 March 2026. This acquisition was made through an open market transaction.
Prior to this acquisition, Nivee Holdings held 81,43,250 shares, which accounted for 2.42% of the total shareholding in Rain Industries. Following the acquisition, the promoter’s stake has increased to 85,43,250 shares, now representing 2.54% of the company’s total shareholding.
The transaction was carried out under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The equity share capital of Rain Industries before and after the acquisition remains unchanged at 33,63,45,679 equity shares, each with a face value of ₹2.
Nivee Holdings, along with other persons acting in concert, including Mr. N. Radhakrishna Reddy, Ms. N. Indira Reddy, and others, are part of the promoter group of Rain Industries. The acquisition signifies a strategic move by the promoters to consolidate their stake in the company.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Markets Desk before publication.