An unknown buyer acquired a 1.41% stake in Rainbow Papers Limited (BSE:523523) from Devkant Synthetics (I) Pvt. Ltd. on March 31, 2017. Under the terms, Devkant Synthetics (I) Pvt. Ltd. sold 1.5 million shares, decreasing its shareholding from 3.2% to 1.78% in Rainbow Papers Limited. An unknown buyer completed the acquisition of a 1.41% stake in Rainbow Papers Limited (BSE:523523) on March 31, 2017.