Malu Paper Mills Limited — Others, 04-03-2025: Disclosure under SEBI Takeover Regulations
04-03-2025 | 03:34 pm
04-03-2025 | 03:34 pm
Smt. Pushpa Malu has acquired 158,333 equity shares of Malu Paper Mills Limited from Damodarlal Malu (HUF) through inter-se transfer due to inheritance. This acquisition increases her shareholding from 561,978 shares (3.29%) to 720,311 shares (4.22%), while the total shareholding of the promoters remains unchanged. The transaction is exempt from making an open offer under SEBI regulations. This update may reflect positively on shareholder confidence as it indicates a stable structure within the promoter group, which could enhance governance and operational continuity in the company.
No comments yet. Be the first to comment!
