Mangalam Cement Limited has informed the Exchange regarding 'Disclosure of Intimation received from the Promoters / Member of Promoters Group under Regulation 10(5) SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.
MANGLMCEM · price
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Mangalam Cement has informed the exchanges about an inter-se transfer of 5 lakh equity shares (about 1.82% of capital) within the promoter group. Pilani Investment and Industries Corporation Ltd. is transferring 2.5 lakh shares each to two promoter group entities — Vidula Consultancy Services Ltd. and Rambara Trading Private Ltd. The shares will be acquired at the prevailing market price, with a 60-day VWAP of Rs. 786.25 per share. The transaction is exempt from making an open offer under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations. The transfer is scheduled on or after 30th June 2025. Combined promoter group and PAC holding (excluding the seller) will rise from 38.54% to 39.45% post-transfer.
This is a routine internal reshuffling of shares within the promoter/promoter group and does not change the overall promoter ownership in the company in any meaningful way. It is neutral for minority shareholders and is unlikely to have any material impact on the stock price.