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.
Mangalam Cement has disclosed inter-se transfers of 10,00,000 equity shares within its promoter group. Aditya Birla Real Estate Ltd (formerly Century Textiles and Industries Ltd.) is selling 9,80,000 shares — 4,80,000 to Rambara Trading Pvt Ltd and 5,00,000 to AVA Trading and Consulting Pvt Ltd. Additionally, Pilani Investment and Industries Corporation Ltd. is selling 20,000 shares to Mignonette Creations Pvt Ltd. The shares will be acquired at the prevailing market price, with the 60-day VWAP benchmarked at Rs. 821.71 per share. The proposed acquisition date is March 24, 2026, or any day thereafter. Since this is a transfer among promoter group entities, it qualifies for an exemption from the open offer requirement under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations, and the aggregate promoter holding in the company remains unchanged.
This is a purely internal reshuffle within the promoter group and does not change the total promoter ownership in the company, so minority shareholders' economic interest is unaffected. The stock price is unlikely to see material movement from this transfer, though the consolidation of holdings into specific promoter entities (Rambara, AVA, and Mignonette) may signal internal group restructuring.