Man Infraconstruction pares stake in MICL Developers

Man Infraconstruction Limited (MICL) has diluted its partnership interest in MICL Developers LLP from 99.98% to 69.99%. This strategic move, effective October 1, 2025, was disclosed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The transaction involves a consideration of Rs. 29,990 from the sale or disposal. MICL confirmed that the acquirer does not belong to the promoter, promoter group, or group companies, and the transaction is not classified as a related party transaction.

As of March 31, 2025, MICL Developers LLP had a capital contribution of Rs. 1,00,000 and a total income of Rs. 78,50,735. The expected completion date for the sale or disposal is also October 1, 2025.