Over 1% of Ramkrishna Forgings equity to change hands within promoters
This story was originally published at 20:38 IST on 18 March 2026
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AHMEDABAD – Ramkrishna Forgings Ltd. promoter Riddhi Portfolio Pvt. Ltd. proposes to buy 1.9 million equity shares of the company from Naresh Jalan, promoter and managing director, Ramkrishna Forgings said in its filing with the stock exchanges Wednesday.
As per the filing, the shares amount to 1.05% of the company's share capital on a non-diluted basis and up to 1.02% on a fully diluted basis. The transaction is being undertaken among members of the promoter group of Ramkrishna Forgings as part of an internal restructuring and the overall holding of the promoter group will not change.
According to the filing, the volume weighted average market price for a period of 60 trading days preceding the date of issuance of notice is INR 533.50 per share. The filing was silent on the total transaction value of the equity exchange but said Riddhi Portfolio's stake in Ramkrishna Forgings would rise to 34.5% from 33.45% earlier. The stake of the other promoters would fall to 1.44%, from 2.49%. The company expects this equity share exchange to be completed within four days of issuance of notice.
For the December quarter, on a consolidated basis, Ramkrishna Forgings had reported a net profit of INR 135.69 million on a revenue of INR 10.99 billion. Wednesday, its shares ended nearly 1.5% lower at INR 533.75 on the National Stock Exchange. End
Reported by Sunil Raghu
Edited by Rajeev Pai
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