The promoter group of MBL Infrastructure Ltd., led by Anjanee Kumar Lakhotia, has acquired an additional 19,00,000 equity shares, equivalent to 1.23% of the company’s total paid-up capital. This transaction, finalized on April 14, 2026, was executed via a preferential allotment at Rs 10 per share. This move is a direct implementation of the company’s approved Resolution Plan under the Insolvency and Bankruptcy Code (IBC), 2016, which has been in effect since October 25, 2023.
Why This Matters
This specific allotment reinforces the promoter group’s commitment to MBL Infrastructure following its financial restructuring. By slightly increasing their ownership, promoters tighten their control and signal continued belief in the company’s…