The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for MSL Global Ltd
FILATFASH · price
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MSL Global Ltd, a non-promoter entity (formerly Madhusudan Securities Ltd), has disclosed a 2.34% reduction in its shareholding in Filatex Fashions Ltd under Regulation 29(2) of SEBI Takeover Regulations. MSL Global sold 19,50,00,000 shares in the open market between October 13, 2025 and December 3, 2025, through multiple daily tranches ranging from 25 lakh to 1 crore shares. As a result, its stake fell from 6% (50,00,00,000 shares) to 3.66% (30,50,00,000 shares), crossing below the 5% disclosure threshold. Filatex Fashions has total equity capital of Rs. 83,34,072,725 divided into 83,34,07,272 equity shares of Rs. 1 each. The disclosure was filed on December 3, 2025.
Since the seller is a non-promoter, this is not a change in promoter control and may not directly affect valuation. However, the large volume of shares sold (over 19.5 crore) could create short-term supply pressure on the stock. With MSL Global now holding under 5%, the disclosure-driven overhang from this entity reduces going forward.