The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Zuari Industries Ltd & PACs
PARADEEP · price
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Awaiting price reaction for this filing.
Zuari Industries Limited (ZIL), along with Persons Acting in Concert (PACs) including the Adventz group entities, has received 5,72,582 equity shares (worth about ₹57.26 lakh at face value) of Paradeep Phosphates Limited (PPL) on 3 December 2025. These shares were allotted under the Composite Scheme of Arrangement for the merger of Mangalore Chemicals & Fertilizers Limited (MCFL) into PPL, where ZIL's 3,06,194 shares of MCFL were converted into PPL shares as per the sanctioned share exchange ratio (Record Date: 31 October 2025). The transaction raised ZIL's holding in PPL to 0.0552% of the enlarged equity capital of ₹1,038 crore (103.79 crore shares). ZIL and its PACs belong to the promoter/promoter group of PPL, and this filing was made to comply with SEBI Takeover Regulations.
This is a routine, mechanical creation of promoter stake arising from a court-approved merger scheme — not an open-market acquisition. The stake change is negligible (0.0552%), so there is no meaningful dilution or accretion for existing retail shareholders and no expected stock price impact from this disclosure itself.