Aditya Birla Real Estate Reduces Stake in Mangalam Cement Through Inter Se Transfer
Aditya Birla Real Estate Limited has disclosed an inter se transfer of 9,80,000 equity shares of Mangalam Cement Ltd among its promoter group, significantly reducing its stake in the cement manufacturer. The transaction was executed on March 24, 2026, and disclosed to stock exchanges in compliance with regulatory requirements.
The share transfer represents a substantial reduction in Aditya Birla Real Estate's holding in Mangalam Cement Ltd. The company's shareholding decreased from 23,77,711 shares to 13,97,711 shares, marking a reduction of 3.56 percentage points in its ownership stake.
Transaction Details The following table summarizes the changes in shareholding: | Parameter: | Before Transaction | After Transaction | Change | |--------------------------------|--------------------|-------------------|----------------| | Number of Shares: | 23,77,711 | 13,97,711 | -9,80,000 | | Percentage Holding: | 8.65% | 5.08% | -3.56% | | Transaction Mode: | - | Inter se transfer | - | | Transaction Date: | - | March 24, 2026 | - |
Regulatory Compliance The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Aditya Birla Real Estate Limited, formerly known as Century Textiles and Industries Limited, submitted the required documentation to both BSE Limited and National Stock Exchange of India Limited on March 25, 2026.
The transaction involved only voting equity shares, with no encumbrances, warrants, or convertible securities involved in the transfer. The inter se transfer occurred among entities within the promoter group structure.
Company Structure Impact Mangalam Cement Ltd's total equity share capital remained unchanged following the transaction. The company maintains its equity base of Rs. 27,49,72,980, comprising 2,74,97,298 equity shares of Rs. 10 each. The cement manufacturer's shares are listed on both the National Stock Exchange of India Ltd and BSE Ltd.
| Capital Structure: | Details | |--------------------------------|-----------------------------| | Total Equity Capital: | Rs. 27,49,72,980 | | Number of Shares: | 2,74,97,298 | | Face Value per Share: | Rs. 10 | | Listing Exchanges: | NSE and BSE |
The transaction represents a strategic realignment within the promoter group structure, with Aditya Birla Real Estate maintaining its promoter status despite the reduced shareholding percentage in Mangalam Cement Ltd.
