Corn Products Development Inc acquires 9% in Sanstar via preferential allotment

SANSTAR · 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

-0.1%1-day move

₹120.65

prior close

₹121.90

base price

In-mkt

timing

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AI summary

Sanstar informed exchanges that Corn Products Development Inc., a US-based entity linked to Ingredion Incorporated, acquired 1,80,24,157 equity shares (9.00 percent stake) through preferential allotment on June 24, 2026 at Rs. 110 per share, aggregating to about Rs. 198.27 crores. The acquirer, not part of the promoter group, held Nil shares before this transaction. Post-allotment, Sanstar's equity share capital expanded to Rs. 40.05 crores comprising 20,02,68,407 shares of Rs. 2 face value each. Filing made under SEBI SAST Regulation 29(1).

Likely market impact

Strategic investment by global Ingredion group entity at Rs. 110/share signals confidence; results in about 9 percent equity dilution for existing shareholders.