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