New Delhi24 minutes ago
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RRP Semiconductor on Tuesday (October 14) clarified that cricketer Sachin Tendulkar is not a shareholder of its company. The company issued this statement when its share prices have increased by 57,000% since April 2024.
RRP Semiconductor said that Sachin has nothing to do with their company. Neither Sachin has bought shares of the company nor is he its brand ambassador. The company told the Stock Exchange (BSE-NSE) that some people are spreading false rumors on social media. It was being said in these rumors that Sachin Tendulkar is an investor in the company or is associated with its board.
Shares rose due to rumors and unethical trading
RRP Semiconductor said that this rise in shares is being seen due to rumors and unethical trading and not because of the company’s earnings. The company’s shares closed today at 8,584 with a rise of 2.00%. Its shares have increased by 13,050% in the last one year and by 57,131% since April 2024. The market cap of the company is Rs 11.55 thousand crore.
RRP Semiconductor gave clarification
- Sachin Tendulkar has not bought any shares of the company.
- He is neither on the board nor in an advisory role.
- Sachin Tendulkar is not even the brand ambassador of the company.
- The company has not received 100 acres of land from the Maharashtra government.
Financials not strong enough to take share price to ₹9,000
The company says that its financials are not so good that its share price increases from ₹10-₹15 to ₹9,000. In simple words, the financial position of the company is not strong enough to justify such a huge increase in the share price.
RRP Semiconductor also said that only about 4,000 shares of the company are held by public shareholders in demat form. Some people are trading shares in unethical ways, which is harming the reputation of the company and Sachin Tendulkar.
99% shares are in lock-in period under preferential allotment.
RRP Semiconductor also said 99% of its shares were issued under preferential allotment, with a lock-in period till March 31, 2026. The Board Members or Key Employees (KMP) of the Company have not made any transaction in any shares of the Company.
The company appealed to investors to exercise caution
The company said that it is initiating action against those who are tarnishing the image of Sachin Tendulkar and the company by spreading rumours. The company has appealed to investors to exercise caution and rely only on official information.
The company changed its name to RRP Semiconductor in May.
RRP Semiconductor Limited was earlier named GD Trading & Agencies Limited. It is a small company that mainly deals with investing and trading in shares and securities. In May 2025, it changed its name to RRP Semiconductor.
Now this company is preparing to enter the business of electronics, semiconductor chips and digital technology. However, the core business of the company is still trading. The company does not have any large semiconductor production plant or heavy investment. The company was started in 1980 and is listed on BSE.
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