The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Zuari Maroc Phosphates Pvt Ltd & PACs
PARADEEP · price
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Zuari Maroc Phosphates Pvt Ltd (acquirer) and its Persons Acting in Concert (PACs) disclosed the receipt of 5,42,99,190 equity shares of Paradeep Phosphates Ltd on 3rd December 2025. These shares were allotted as part of the Composite Scheme of Arrangement involving the merger of Mangalore Chemicals & Fertilizers Limited into Paradeep Phosphates Ltd, based on the share exchange ratio on the record date of 31 October 2025. The promoter group's holding rose in absolute share count from 46.69 crore shares to 52.12 crore shares, but the percentage holding dropped from 57.20% to 50.22% because the total share capital expanded significantly due to the merger. The total share capital of Paradeep Phosphates increased from Rs. 816.35 crore to Rs. 1,037.97 crore worth of equity.
This is a routine regulatory disclosure tied to the completed Mangalore Chemicals & Fertilizers merger, not an open-market transaction. Shareholders should note that the promoter group's percentage holding has been diluted to 50.22%, bringing it closer to the 50% threshold while still retaining majority control. No fresh cash was deployed — this is an exchange-of-shares event under the approved scheme, so it is unlikely to materially move the stock price.