BSEInsider Trading / SAST27 Aug 2026 · 27 Aug 2026, 09:18 am
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for General Atlantic Singapore RR Pte Ltd
Rubicon Research Ltd · 544578
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General Atlantic Singapore RR Pte Ltd has disclosed a significant acquisition of shares in Rubicon Research Ltd, increasing its stake to 27.34% from 8.45%. The acquisition was made through open market purchases on August 25 and 26, 2026.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment2/10
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Rubicon Research Ltd - 544578 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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DISCLOSURES UNDER REGULATION 29(2) OF SEBI (SUBSTANTIAL ACQUISITION OF
SHARES AND TAKEOVERS) REGULATIONS, 2011
Name of the Target Company (TC) Rubicon Research Limited
Name(s) of the acquirer and Persons Acting in General Atlantic Singapore RR Pte. Ltd.
Concert (PAC) with the acquirer Seller
Whether the acquirer Seller belongs to
Yes, the Seller is the Promoter of the TC
Promoter/Promoter group
Name(s) of the Stock Exchange(s) where the 1. National Stock Exchange of India Limited (NSE);
shares of TC are Listed and
2. BSE Limited (BSE).
Details of the acquisition / disposal as follows Number % w.r.t total % w.r.t total
share/voting diluted
capital share/voting
wherever capital of the
applicable (*) TC (**)
Before the acquisition / disposal under a) 5,92,58,360 a) 35.79% a) 35.45%
consideration, holding of:
b) NA b) NA b) NA
a) Shares carrying voting rights
c) NA c) NA c) NA
b) Share in the nature of encumbrance
d) NA d) NA d) NA
(pledge/lien/non-disposal
undertaking/others) e) 5,92,58,360 e) 35.79% e) 35.45%
c) Voting rights (VR) otherwise than by
shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer Seller to receive shares
carrying voting rights in the TC
(specify holding in each category)
e) Total (a+b+c+d)
Details of acquisition / sale: a) 1,40,00,000 a) 8.45% a) 8.37%
a) Shares carrying voting rights b) NA b) NA b) NA
acquired/sold
c) NA c) NA c) NA
b) VRs acquired/sold otherwise than by
d) NA d) NA d) NA
shares
e) 1,40,00,000 e) 8.45% e) 8.37%
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify holding
in each category) acquired/sold
d) Shares encumbered/invoked/released
by the acquirer Seller
e) Total (a+b+c+/-d)
After the acquisition/sale, holding of: a) 4,52,58,360 a) 27.34% a) 27.07%
a) Shares carrying voting rights b) NA b) NA b) NA
b) Shares encumbered with the acquirer c) NA c) NA c) NA
Seller
d) NA d) NA d) NA
c) VRs otherwise than by shares
e) 4,52,58,360 e) 27.34% e) 27.07%
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify holding
in each category) after acquisition /
disposal
e) Total (a+b+c+d)
Mode of acquisition / sale (e.g. open market / On market sale
off-market / public issue / rights issue /
preferential allotment / inter-se transfer etc).
Date of acquisition / sale of shares / VR or date 25 August 2026 and 26 August 20261
of receipt of intimation of allotment of shares,
whichever is applicable
Equity share capital / total voting capital of the INR 16,55,31,908
TC before the said acquisition / sale
Equity share capital / total voting capital of the INR 16,55,31,908
TC after the said acquisition / sale
Total diluted share/voting capital of the TC INR 16,71,56,286
after the said acquisition / sale
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the
Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion
of the outstanding convertible securities/warrants into equity shares of the TC.
Signature of the acquirer / seller / Authorised Signatory
Date: 26 August 2026 Name: Ong Yu Huat
Director
1 1,46,927 equity shares sold on 25 August 2026 and 1,38,53,073 equity shares sold on 26 August 2026.