Rights-issue shares acquired; two acquirers' combined holding up from 52.57% to 71.63%
Containe Technologies has told BSE about a disclosure under Regulation 10(6) of the SEBI (SAST) Regulations, 2011.
- Combined holding before
- 36,76,950 shares (52.57%)
- Combined holding after
- 1,10,29,950 shares (71.63%)
- Exemption relied on
- Regulation 10(4)(a) & (b) of SEBI (SAST) Regulations, 2011
Containe Technologies Limited has submitted a disclosure to BSE under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It relates to the acquisition of equity shares by two acquirers, Anand Kumar Seethala and Botcha Bhavani, pursuant to the company's Rights Issue.
What the update records
- The target company is Containe Technologies Limited, whose shares are listed on BSE Limited.
- The transaction described is "Acquisition of equity shares pursuant to the Rights Issue".
- The acquirers have relied on the exemption provided in Regulation 10(4)(a) & (b) of the SEBI (SAST) Regulations, 2011.
- The update states that no disclosure was required to be made under Regulation 10(5) of these regulations.
How the holdings moved
- Anand Kumar Seethala: from 16,36,950 shares (23.41% of the total share capital) before the transaction to 49,09,950 shares (31.88%) after it.
- Botcha Bhavani: from 20,40,000 shares (29.17%) before to 61,20,000 shares (39.74%) after.
- Combined: from 36,76,950 shares (52.57%) before to 1,10,29,950 shares (71.63%) after.
Why the holding changed
A rights issue lets existing shareholders buy additional shares of the company, usually in proportion to what they already hold. Here, both acquirers took up shares in that rights issue, so the number of shares they hold — and their share of the company's total share capital — went up. The increase came from the rights issue, not from purchases in the open market.
What this means for a retail investor
- The disclosure tells you who the larger holders are and how their stake has changed: a combined 71.63% of the total share capital of Containe Technologies Limited is now held by these two acquirers, against 52.57% before.
- This is a shareholding disclosure made in the prescribed format under Regulation 10(6), with the acquirers relying on the stated exemption to proceed without an open offer.
Also from Containe Technologies
Board allots 84,05,000 equity shares under Rights Issue at ₹1 per share
29 Sep 2026
More numbers
- Anand Kumar Seethala - shares after transaction49,09,950
- Anand Kumar Seethala - % of total share capital after transaction31.88%
- Botcha Bhavani - shares after transaction61,20,000
- Botcha Bhavani - % of total share capital after transaction39.74%
- Combined shares after transaction1,10,29,950
- Combined % of total share capital after transaction71.63%
- Combined shares before transaction36,76,950
- Combined % of total share capital before transaction52.57%
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