Rain Industries Limited — Major Shareholding Notification 2021

Dec 6, 2021

RIL/SE/2021 December 6, 2021

The General Manager	The Manager
Listing Compliance	Listing Department
BSE Limited	National Stock Exchange of India
Phiroze jeejeebhoy Towers	Limited
Dalai Street, Fort	Bandra Kurla Complex
Mumbai-400 001	Mumbai-400 051

Dear Sir/Madam,

Sub: Rain Industries Limited -Disclosure under Regulation 29 of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 - Acquisition of shares - Reg. Ref: Scrip Code: 500339 (BSE) & Scrip Code: RAIN (NSE)

With reference to the above stated subject, we bring to your kind notice that we have received intimation under Regulation 29 of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Pabrai Investment Fund along with persons acting in concert with them, with respect to acquisition of shares of the Company.

The intimation received from Pabrai Investment Fund is attached.

This is for your information and records.

Thanking you,

Yours faithfully, for Rain Industries Limited

S. Venkat Ramana Reddy Company Secretary

Format for Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1.	Name of the Target Company (TC)
			Rain Industries Limited
2.	Name (s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer
		1) PABRAl INVESTMENT FUND 3 LTD		2)
			THE PABRAl INVESTMENT FUND IV LP	3)
		DHANDHO INDIA ZERO FEE FUND LP		4)
		DHANDHO INDIA ZERO FEE OFFSHORE LIMITED 5)
		PABRAl INVESTMENT FUND II, LP
3.	Whether the acquirer belongs to Promoier/Promotar group	No
4.	Name(s) of the Stock Exchange(s) where the shares of TC are Listed	NSE and BSE
5. i	Details of the acquisition of shares/voting rights/holding of the Acquirer and PAC	Number	% w.r.t. total share/voting capital	% w.r.t. total diluted share/voting
			wherever applicable	captial of the TC (*)
	Before the acauisition under
	consideration, holdina of:
a)	Shares carrying voting rights	20,017,612.00	5.9515%	0.00%
b)	Voting rights (VR) otherwise than by equity shares	0.00	0.00%	0.00%
c)	Warranls/convertible securities/any other instrument that entitles the acquirer to recieve shares carrying voting rights in the TC (specify holding in each category)	0.00	0.00%	0.00%
Total (a + b +c)		20,017,612.00	5.9515%	0.00%
	Details of acauisition
a)	Shares carrying voting rights acquired	6,898,044.00	2.0509%	0.00%
b)	VRs acquired otherwise than by equity shares	0.00	0.00%	0.00%
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	0.00	0.00%	0.00%
Total (a + b +c)		6,896,044.00	2.0509%	0.00%
	After Ihe acquisition, holding of:

a)	Shares carrying voting rights acquired	26,915,656.00	8.0024%	0.00%
b)	VRs acquiried otherwise than by equity shares	0.00	0.00%	0.00%
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	0.00	0.00%	0.00%
Total (a + b +c)		26915656	6.0024%	0.00%

PABRAI INVESTMENT FUNDS

6.	Mode of acquisition (eg. Open iparket / public issues / rights Issues / preferential allotment of shares / VR / warrants / convertible securities / any other instrument that entitles the acquirer to receive shares In the TC.	Open Market
7.	Date of acquisition of / date of receipt of intimation of allogment of shares / VR / warrants / convertible securities / any other instrument that entitles the acquirer to receive shares in the TC.	Trade Date: 02/12/2021 Settlement Date: 06/12/2021
8.	Equity share capital / total voting capital of the TC before the said acquisition.	336,345,679
9.	Equity share capital / total voting capital of the TC after the said acquisition.	336,345,679
10.	Total diluted share / voting capital of the TC after the said acquisition	336,345,679

(*) 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 / Authorised Signatory

Place: Date; . TX , USA.

2-Dec-21

^JABRAI INVESTMENT FUNDS

Part-B***

Name of the Target Company: Rain Industries Limited

Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Whether the acquirer belongs to Promoter/ Promoter group	PAN of the acquirer and/ or PACs ji
PABRAI INVESTMENT FUND JLLP	No	AAIFT8991K
PABRAI INVESTMENT FUND 3 LTD	No	AAHCP5673Q
THE PABRAI INVESTMENT FUND IV LP	No	AAIFT9163B ;
DHANDO INDIA ZERO FEE FUND LP	No	AANFD7236J
DHANDHO INDIA ZERO FEE FUND OFFSHORE LTD.	No	AAGCD2624L i

Signature of the acquirer / Authorized Signatory

Place: K>ST\-i* , T * , US A

Date: 02.12.2021

Note:

(*) 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.

(*••) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.