Shareholding11 Sept 2026, 12:55 pm
Modern Dairies: Promoter Group Stake Increases Post Warrant Conversion
AI Summary
Modern Dairies Limited has filed a disclosure under SEBI's Takeover Regulations regarding changes in shareholding by its promoter group, specifically Krishan Goyal HUF and Chandigarh Finance Private Limited. The changes stem from the conversion of warrants, previously allotted via preferential allotment, into equity shares. Following this conversion, the total promoter group's shareholding has increased. The transaction involved a total value of approximately ₹61.93 crore.
Key Highlights
- Promoter group's shareholding in Modern Dairies has increased.
- Changes are due to conversion of preferential allotment warrants.
- Total transaction value is approximately ₹61.93 crore.
- Disclosure filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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