Pilani Investment reduces stake in Mangalam Cement

Pilani Investment and Industries Corporation Limited has announced the disposal of a substantial portion of its shareholding in Mangalam Cement. According to a disclosure made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the company sold 500,000 equity shares of Mangalam Cement on July 3, 2025. This transaction reduces Pilani Investment's stake from 1.89% to 0.07% of the total equity share capital in Mangalam Cement. Prior to the sale, Pilani Investment held 520,000 shares. Post sale, their holdings have been reduced to 20,000 shares. The disclosure details that there were no encumbrances, voting rights, or warrants involved in this transaction. The stated equity share capital of Mangalam Cement before and after the transaction remained at INR27,49,72,980, comprising of 2,74,97,298 Equity Shares of INR10 each. The transaction was described as an inter-se transfer.