The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pilani Investment & Industries Corporation Ltd
MANGLMCEM · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pilani Investment and Industries Corporation Ltd, part of the promoter group of Mangalam Cement, sold 5,00,000 equity shares on 26th May 2025. The promoter entity's holding in Mangalam Cement fell from 10,20,000 shares (3.71%) to 5,20,000 shares (1.89%), a reduction of 1.82 percentage points. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The company's total equity capital remains at 2,74,97,298 shares of Rs.10 each. The mode of sale appears to be open market, though not explicitly stated in the disclosure.
This is a promoter stake sale of over 1%, which retail investors typically view as a mild negative signal, indicating reduced promoter confidence or portfolio rebalancing. However, the selling entity was already a small stakeholder (under 4%), and other promoter group entities may still hold larger stakes in the company.