{"id":131877,"date":"2026-06-26T09:05:13","date_gmt":"2026-06-26T03:35:13","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=131877"},"modified":"2026-06-26T09:05:14","modified_gmt":"2026-06-26T03:35:14","slug":"bansal-wire-share-price-promoter-stake-sale-mps-compliance-mrinaal-mittal","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bansal-wire-share-price-promoter-stake-sale-mps-compliance-mrinaal-mittal\/","title":{"rendered":"Bansal Wire Share Price: Promoter Mrinaal Mittal to Sell 2.99% Stake by August for SEBI MPS Compliance, Steel Tyre Cord Order Adds Business Momentum"},"content":{"rendered":"
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Bansal Wire share price Rs 314.90 (-0.02%), 52-wk Rs 222-434. Promoter Mrinaal Mittal to sell 46.83 lakh shares (2.99%) by recently for SEBI MPS compliance. Promoter stake 77.99%.<\/em><\/p>\n

The Bansal Wire<\/a> share price is in focus after Bansal Wire Industries Limited disclosed that Mrinaal Mittal, a member of the company’s promoter group, intends to sell up to 2.99% of the total paid-up equity share capital , equivalent to 46,82,916 equity shares of face value Rs 5 each , to comply with SEBI’s minimum public shareholding (MPS) requirements. The Bansal Wire share price is trading at Rs 314.90, marginally lower by 0.02% from the previous close of Rs 314.95. Kunal Singla, Associate Director at Univest explains the SEBI MPS regulatory context, the specific details of the proposed promoter stake sale, and the Bansal Wire share price implications.<\/p>\n

As of recently, the aggregate promoter and promoter group shareholding in Bansal Wire Industries stood at 12,20,99,880 equity shares, representing 77.99% of the total paid-up equity share capital. SEBI’s Listing Obligations and Disclosure Requirements (LODR) regulations require that minimum public shareholding be at least 25% , meaning promoters must hold no more than 75%. With promoters at 77.99%, Bansal Wire Industries is approximately 3 percentage points above the MPS compliance threshold, necessitating this divestment. The proposed sale of 2.99% (46.83 lakh shares) will bring promoter holding to approximately 75.00% once completed, achieving full MPS compliance. The sale is scheduled to occur in a single or multiple tranches between recently and recently, or until completed, whichever is earlier. Promoters have provided an undertaking not to purchase any shares in the open market on the dates the proposed sale is conducted.<\/p>\n

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