BSEM.R.Maniveni Foods LtdMediumNeutral
Announced Wed, 10 Jun · 11:59 IST

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Longthrive Capital VCC

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹39.56
prior close
₹39.00
base price
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+0.0+0.0-1.3-2.3-1.4-4.4-4.6-5.8-3.2-3.7-12.4-13.8
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AI summary

Longthrive Capital VCC, a Singapore-based fund (along with PACs Trendview Capital Fund and Gamma View Funds), has disclosed the acquisition of 15,60,000 equity shares in M.R. Maniveni Foods Limited, representing 7.97% of the post-acquisition share capital. The shares were acquired through pre-IPO and anchor investment participation on 29/05/2026. The acquirer does not belong to the promoter or promoter group. Post-acquisition, the company's total equity share capital stands at 1,95,72,400 shares of face value Rs. 10 each. This disclosure is filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, triggered because the holding has crossed the 5% threshold.

Likely market impact

A foreign institutional investor taking a 7.97% stake through the pre-IPO/anchor route signals institutional confidence in the company ahead of listing. The holding sits just below the 10% mark, so any further purchases by the same acquirer would trigger a fresh disclosure under Regulation 29(2) and could influence shareholder composition and stock price stability post-listing.