The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Karthikeyan M
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Karthikeyan M, a non-promoter, has acquired 15,00,000 equity shares of MSL Global Limited at face value of Rs. 10 plus Rs. 8 premium per share, pursuant to conversion of warrants on 10th October 2025 through a preferential allotment. This took his shareholding from 0% to 7.00% of the total and diluted share capital. The company's total equity share capital expanded from Rs. 14.56 crore (1.45 crore shares) to Rs. 21.42 crore (2.14 crore shares), with an aggregate of 68,57,334 shares allotted to strategic (non-promoter) investors on the same date.
A non-promoter now holds a notable 7% stake in the company via preferential allotment, signaling fresh strategic investor interest. Existing shareholders face dilution as the share count jumped by ~47%, though capital infusion at a premium (Rs. 18 per share total) may strengthen the company's balance sheet.