Announced Mon, 28 Sept, 2026 · 12:26 IST
Promoter Vineet Bhadauria acquires 72.89 lakh shares via rights issue
MPEL · price
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Price reaction · full curve 14 horizons · vs prior close
+10.1%1-day move
₹25.25
prior close
₹26.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.1+4.8-0.4—-9.9-6.3————
Up moveDown movePending
AI summary
Promoter Vineet Bhadauria acquired 72,89,600 equity shares of Manas Polymers and Energies Limited through a Rights Issue on September 25, 2026. His holding rose from 48.68 lakh shares (62.60 percent) to 1.21 crore shares (52.12 percent). The effective voting rights change is 10.48 percent, exempted from open offer under SEBI Regulation 10(4). The company's paid-up share capital increased from about 7.77 crore rupees to 23.33 crore rupees.
Likely market impact
Promoter increased absolute stake via rights issue. Percentage holding diluted from 62.60% to 52.12% but remains above 50%, retaining control.