The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
MANGLMCEM · price
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Mangalam Cement Ltd has disclosed an inter-se transfer of 11,017 equity shares (0.02% of capital) among promoter group members, exempted from the open offer requirement under SEBI SAST Regulation 10(1)(a)(ii). Promoter Anshuman Vikram Jalan is gifting 5,508 shares to Vaishnavi Jalan and 5,509 shares to Avayaan Vikram Jalan, both classified as promoters. The transfer is by way of gift without any consideration. The 60-day VWAP of the stock stands at Rs. 750.81 per share. After the transfer, the acquirer-PAC promoter group holding marginally rises from 38.93% to about 38.97%, while the transferor's holding dips from 1.08% to 1.04%.
This is a routine intra-family reshuffle within the promoter group with no change in overall promoter control or fresh capital infusion, so it is unlikely to have any material impact on the stock price or minority shareholders.