The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for MGN Agro Properties Pvt Ltd
WELSPLSOL · price
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MGN Agro Properties Private Limited, part of the promoter group of Welspun Specialty Solutions, sold its entire holding of 1,86,66,666 equity shares (2.82% of total share capital) through open market transactions on December 22, 2025. Before the sale, MGN Agro held 1,86,66,666 shares (2.82%), and after the sale, its holding is NIL. The total share capital of the company is Rs. 397.57 crore, comprising 66.26 crore equity shares of Rs. 6 each. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a complete exit by one promoter group entity, reducing the overall promoter group's stake in Welspun Specialty Solutions. Retail investors should monitor whether this triggers any negative sentiment or further selling from other promoter entities, as promoter exits above 1% are often viewed with caution by the market.