Shareholding3 Aug 2026, 07:51 pm
Boreddy Gayathri Acquires 44.79 Lakh Shares & 33 Lakh Warrants in Midland Polymers
AI Summary
Boreddy Gayathri has disclosed a substantial acquisition of shares and warrants in Midland Polymers Limited. The acquisition includes 44,79,372 equity shares and 33,00,000 warrants, acquired through a preferential allotment. This transaction significantly increases Boreddy Gayathri's stake in the company. Post-acquisition, her holding in shares carrying voting rights stands at 27.96% of the total share capital, and her total voting capital, including warrants, reaches 30.97%. The equity shares acquired are valued at Rs. 10 each, with warrants convertible until July 30, 2026. This disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Boreddy Gayathri acquired 44.79 lakh equity shares and 33 lakh warrants.
- Acquisition was made via preferential allotment by Midland Polymers.
- Post-acquisition, holding is 27.96% of voting shares and 30.97% diluted.
- Warrants are convertible into equity shares by July 30, 2026.
- Disclosure filed under SEBI Takeover Regulations.
Price Impact
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