Announced Mon, 6 Apr · 14:46 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Redribbon Modulex Buildings Ltd

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹19.23
prior close
₹18.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+5.4+5.4+0.1+1.0+2.0+1.3+2.6-1.2-2.0-6.7-7.2-15.9-21.6
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AI summary

Redribbon Modulex Buildings Ltd (Mauritius), a promoter group entity, has disclosed an acquisition of 5,67,972 equity shares (0.30%) of Modulex Construction Technologies Ltd via preferential allotment. The shares were acquired against equity of GiveVinduet Windows and Doors Private Limited. Prior holding was 1,31,45,723 shares (19.00%). After the acquisition, holding increased to 1,37,13,695 shares (19.30%). The total diluted capital of the company increased from 6,92,01,786 to 7,10,70,298 equity shares of Rs.10 each, reflecting a new preferential allotment expanding the equity base.

Likely market impact

The promoter group has modestly increased its stake by 0.30 percentage points to 19.30%, signalling continued promoter confidence in the company. The share count increase is due to a preferential allotment rather than open market purchases.