The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Venkata Ramana Revuru
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Promoter Venkata Ramana Revuru, along with PAC Garuda Mart India Private Limited, has filed a disclosure under SEBI SAST Regulation 29(2) reporting a decline in their shareholding percentage in Mangalam Industrial Finance Ltd. No shares were actually bought or sold — the promoter did not subscribe to the company's Rights Issue dated 01st December 2025, while other promoters and public shareholders received new shares. As a result, Revuru's individual stake fell from 14.00% to 9.45% and the combined promoter group holding (with PAC) dropped from 18.91% to 12.76%. The company's total equity share capital expanded from ₹96.16 crore (96.16 crore shares) to ₹142.51 crore (142.51 crore shares), an increase of about 48%.
This is passive dilution, not an actual sale — the promoter neither bought nor sold shares. However, retail investors should note that the promoter did not participate in the recent Rights Issue, which led to a meaningful erosion of promoter holding. A reducing promoter stake can be a sentiment negative for the stock.