CLC Industries Ltd Promoter, Manieet Cotton Private Limited, Proposes to Sell 5% Stake through Stock Exchange Mechanism
Manieet Cotton Private Limited, a promoter of CLC Industries Ltd, has proposed to sell 5,19,720 equity shares of the company, representing approximately 5% of the total issued and paid-up equity share capital. The sale will be undertaken exclusively through the seller's broker on a separate window provided by the stock exchange on 17th March 2026 for non-Retail Investors and 18th March 2026 for Retail Investors and non-Retail Investors who choose to carry forward their unallotted bids. The sale is being undertaken primarily for achieving the minimum public shareholding in the company as prescribed under rules. The allocation will be at or above the Floor Price on price priority basis at multiple clearing prices.
Key Highlights
- Manieet Cotton Private Limited proposes to sell 5,19,720 equity shares of CLC Industries Ltd, representing approximately 5% of the total issued and paid-up equity share capital.
- The sale will be undertaken exclusively through the seller's broker on a separate window provided by the stock exchange on 17th March 2026 for non-Retail Investors and 18th March 2026 for Retail Investors.
- The sale is being undertaken primarily for achieving the minimum public shareholding in the company as prescribed under rules.
- The allocation will be at or above the Floor Price on price priority basis at multiple clearing prices.
- Retail Investors shall be allowed to place their bids at Floor Price on T+1 Day, in case of under subscription in the Non-Retail Category.
Price Impact
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