Midland Polymers: Radha Krishna Avudari Acquires 29.86 Lakh Shares, 22 Lakh Warrants

Radha Krishna Avudari, a promoter of Midland Polymers Limited, has acquired 29,86,248 equity shares and 22,00,000 warrants through a preferential allotment. This acquisition, along with PACs, increases their total holding to 1,81,51,868 shares and instruments, representing 72.25% of the total diluted share capital. The acquisition was made on a cash and swap basis, with warrants convertible by July 29, 2026. The company's equity share capital has significantly increased post-allotment.