Meenakshi Mercantiles Ltd Acquires 12.5 Lakh Shares from Balrampur Chini Mills via Preferential Allotment
Meenakshi Mercantiles Limited has increased its stake in Balrampur Chini Mills Limited following a preferential allotment of equity shares, acquiring 12,50,000 shares from the company. The acquisition, which took place on June 3, 2026, marks a change in the ownership structure and voting capital of the target company.The transaction was executed through a preferential allotment of equity shares to Meenakshi Mercantiles Limited. Prior to this acquisition, Meenakshi Mercantiles Ltd., associated with its Promoter Group, held a stake representing 3.21% of the total share/voting capital of Balrampur Chini Mills Limited.
The details of the ownership structure and holdings before and after the transaction are provided below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights Held by Acquirer (Meenakshi Mercantiles Ltd.) | 64,84,233 | 77,34,233 |
| Total Holding Percentage of the Acquirer | 3.21% | 3.66% |
| Total Equity Share Capital/Voting Capital of TC | 20,19,50,436 Equity Shares of Re. 1/- each | 21,12,67,207 Equity Shares of Re. 1/- each |
As per the disclosure, the total diluted share/voting capital of Balrampur Chini Mills Limited stands at 21,12,67,207 Equity Shares of Re. 1/- each following the allotment.
The acquirer, Meenakshi Mercantiles Ltd., is identified as a member of the Promoter Group in relation to this transaction. The acquisition resulted in an increase in the total holding percentage of the entity from 3.21% pre-acquisition to 3.66% post-acquisition.
BALRAMCHIN Stock Price Movement
Balrampur Chini Mills Limited slipped slightly on Friday, closing at ₹531.80 after shedding 0.08% from its previous close. The shares traded within an intraday range bounded by a low of ₹529.25 and a high of ₹541, with total volume reaching 540,692 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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