RGSPL lifts Shankara Building Products stake to 9.1% via open market buy
What's the deal? Rajasthan Global SecuritiesDealroom has a profile for this one. Try Dealroom → Private Limited (RGSPL) has raised its stake in Shankara Building ProductsDealroom has a profile for this one. Try Dealroom → to 9.10%, up from 8.69%, in a July 22, 2026 open market purchase. Acting with its PAC, RGSL Investment LVF 1, the group bought 99,527 shares carrying voting rights.
The numbers: The acquirer group's combined holding rose from 21,06,531 to 22,06,058 shares — an increase of 0.41%. Shankara's total diluted voting capital stood at 2,42,49,326 shares before and after the deal.
Why now? The buy adds to steady accumulation in the stock. Other investors, including the Ballygunge Family Trust, have also increased their Shankara holdings.
Market reaction: Shankara shares were little changed after the disclosure, slipping 0.07% to ₹138.89 by 10:30 IST, with 6,663 shares traded in the session.
The signal: The move keeps RGSPL below the 10% threshold that triggers heightened regulatory scrutiny, but signals continued conviction from institutional buyers building positions in the building-products retailer.
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