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 5,00,000 equity shares (about 1.82% of total capital) within the promoter group, as part of internal restructuring. Pilani Investment and Industries Corporation Ltd (transferor) will transfer 2,50,000 shares each to two promoter-group entities — Vidula Consultancy Services Ltd and Rambara Trading Private Ltd. The transfers will happen at the prevailing market price, with the 60-day volume-weighted average market price standing at Rs. 753.69 per share. The acquisition is exempted from the open offer requirement under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations. Post-transaction, the promoter group holding remains unchanged at approximately 39.5%, confirming no change in overall promoter control or shareholding.
This is a purely internal reshuffle within the promoter group with no change in total promoter shareholding, voting control, or public float. No material impact on stock price or minority shareholders is expected — it's a housekeeping transaction.