AGI Greenpac Limited has informed the Exchange regarding supersession of the earlier resolution passed by the Board with respect to investments in Madoverbuilding AI Private Limited ( MOB AI ), the Board has now approved the acquisition of 19.75% instead of 25% of the paid-up share capital of MOB AI, as previously disclosed to the stock exchange vide the Company s letter dated 30th May 2025.
AGI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
AGI Greenpac has revised its earlier board decision to invest in Madoverbuilding AI Private Limited (MOB AI). Instead of acquiring 25% of the paid-up share capital as originally announced on 30th May 2025, the company will now acquire 19.75%. The earlier resolution has been superseded by a new board approval. The announcement does not mention any change in the deal value or other commercial terms, only the reduction in the percentage stake.
The reduced stake may help AGI Greenpac stay below the 25% open offer trigger threshold under Indian takeover regulations, avoiding the obligation to make a mandatory open offer to MOB AI shareholders. For AGI Greenpac shareholders, this means a smaller capital commitment to the AI venture, which could be viewed as a more cautious approach to diversification.