Mangalam Cement Limited has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
MANGLMCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mangalam Cement has informed the exchanges about an inter-se transfer of 5 lakh equity shares (about 1.82% of total capital) within its promoter group. Pilani Investment and Industries Corporation Ltd. (transferor) will transfer 2.5 lakh shares each to Vidula Consultancy Services Ltd. and Rambara Trading Pvt. Ltd. (transferees), both promoter group entities. The transfer is being done at the prevailing market price (60-day VWAP of Rs. 753.69 per share) as part of internal restructuring and is exempt from the open offer requirement under Regulation 10(1)(a)(ii). The transaction is expected to be completed on or after 26th May 2025. The total promoter group holding in the company will remain unchanged; only the distribution among promoter entities is being reorganized.
This is a routine internal reshuffle within the promoter group and does not change the total promoter shareholding in the company. Shareholders should see no material impact on stock price or ownership structure since the shares are merely moving between promoter-linked entities at market price.