Shareholding14 Aug 2026, 01:11 pm
Ramachandra Rao Tummala Acquires 11.55% Stake in Midland Polymers via Preferential Allotment
AI Summary
Midland Polymers Ltd has announced a revised disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Ramachandra Rao Tummala has acquired 18,50,000 equity shares, representing 11.55% of the total diluted share capital, through a preferential allotment. The acquisition involved equity shares of Rs. 10 each, with a total value of Rs. 66,87,600. The shares are redeemable by July 29, 2026. This transaction increases the total diluted share capital of Midland Polymers.
Key Highlights
- Ramachandra Rao Tummala acquired 11.55% stake in Midland Polymers.
- Acquisition was made via preferential allotment of equity shares.
- Total shares acquired amount to 18,50,000.
- Transaction value is Rs. 66,87,600.
- Shares are redeemable by July 29, 2026.
Price Impact
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