Acquisitions26 Feb 2026, 04:22 pm
MP Infracon Private Limited Acquires 9.98% Stake in Sharpline Broadcast Ltd via Preferential Allotment
AI Summary
MP Infracon Private Limited has acquired a 9.98% stake in Sharpline Broadcast Ltd through a preferential allotment of 28,57,142 equity shares. This is the first-time acquisition of shares in Sharpline Broadcast Ltd by MP Infracon Private Limited, crossing the 5% threshold prescribed under Regulation 29(1).
Key Highlights
- MP Infracon Private Limited has acquired a 9.98% stake in Sharpline Broadcast Ltd
- The acquisition was made through a preferential allotment of 28,57,142 equity shares
- This is the first-time acquisition of shares in Sharpline Broadcast Ltd by MP Infracon Private Limited
- The acquisition crosses the 5% threshold prescribed under Regulation 29(1)
- The acquisition was made on 24th February, 2026