The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anjanee Kumar Lakhotia
MBLINFRA · price
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Anjanee Kumar Lakhotia, along with promoter and promoter group entities, acquired 3,00,00,000 equity shares (19.67% of share capital) of MBL Infrastructure Ltd on 30th May 2025. The acquisition was made through a preferential allotment of Rs. 10 face value shares pursuant to a Resolution Plan approved under the Insolvency and Bankruptcy Code (IBC), 2016. Post-acquisition, the promoter group's total holding increased from 69.74% (8.54 crore shares) to 75.70% (11.55 crore shares). Of these, 1.91 crore shares remain pledged. The new shares were primarily allotted to SMH Infrastructure Private Limited, which now holds 19.67% of the company on a standalone basis.
This is a significant promoter consolidation move tied to the company's debt resolution process. Promoters now hold over 75% of the company, which is close to the maximum permitted under SEBI takeover rules and may limit room for further creeping acquisitions without triggering an open offer. The IBC-backed allotment is generally seen as a positive step toward capital restructuring, but it also leaves less float for public shareholders, which could affect liquidity in the stock.