The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for MPIL Corporation Ltd
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MPIL Corporation Ltd, part of the promoter group of Foods and Inns Ltd, has increased its shareholding through two transactions reported on March 11, 2026. On March 9, 2026, it bought 24,022 shares (~₹12 lakh) via open market, raising its stake from 0.65% to 0.68%. On March 10, 2026, it acquired an additional 25,00,000 shares (~₹13.37 crore) through an inter-se transfer within the promoter/promoter group. After both transactions, MPIL Corporation's holding stands at 29,99,022 shares, equal to 4.08% of the company's total equity share capital of 7.35 crore shares. The filings are made under SEBI SAST Regulation 29(2) and Insider Trading Regulation 7(2), signed by Whole Time Director Veena Dalal.
Net promoter group shareholding has gone up from 0.65% to 4.08% in just two days, signalling promoter confidence and consolidation of ownership within the group. With the stake now approaching the 5% SAST disclosure threshold, investors should watch for further promoter buying activity.