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
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Mangalam Cement has informed the exchanges that Pilani Investment and Industries Corporation Ltd. will transfer a total of 5,00,000 equity shares (about 1.82% of capital) to two other promoter group entities — 2,50,000 shares to Vidula Consultancy Services Ltd. and 2,50,000 shares to Rambara Trading Pvt. Ltd. The transfer is being done at the prevailing market price, with the 60-day VWAP reference at Rs. 786.25 per share. The proposed date of acquisition is 30th June 2025 or later. As both transferor and transferees belong to the promoter/promoter group, the transaction is exempt from an open offer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. After both transactions, the combined acquirer + PAC holding rises from 37.63% to 39.45%, while Pilani Investment's stake falls sharply from 1.89% to 0.07%.
This is an internal reshuffling within the promoter group, so total promoter control in the company remains unchanged. No open offer is triggered, and the share price is unlikely to be materially affected. Shareholders should note only a redistribution of stakes among the BK Birla group entities.