Allied Blenders promoter plans 1.97% stake sale for MPS compliance
- Promoter Bina Kishore Chhabria plans to sell up to 55,00,000 equity shares
- Stake sale represents 1.9663% of total paid-up equity capital
- Transaction window runs from September 23, 2026, to October 31, 2026
- Move aims to fulfill Minimum Public Shareholding (MPS) compliance norms
*this image is generated using AI for illustrative purposes only.
Allied Blenders & Distillers Limited announced that Mrs. Bina Kishore Chhabria, a member of the promoter group, intends to sell up to 55,00,000 equity shares in the open market. This divestment, representing 1.9663% of the total paid-up equity share capital, aims to help the company comply with Minimum Public Shareholding (MPS) requirements.
The proposed sale will occur between September 23, 2026, and October 31, 2026, or until completion, whichever is earlier. The transaction may be executed in single or multiple tranches. The company stated that this action is taken in accordance with SEBI regulations regarding the achievement of minimum public shareholding by listed entities.
Divestment Details
The promoter group currently holds a significant majority stake in the company. The specific details of the proposed sale are outlined below:
| Particulars | Details |
|---|---|
| Seller | Mrs. Bina Kishore Chhabria |
| Number of Shares | Up to 55,00,000 |
| Percentage of Capital | 1.9663% |
| Sale Period | Sept 23, 2026 to Oct 31, 2026 |
| Current Promoter Holding | 80.91% (as on Sept 22, 2026) |
Regulatory Compliance and Undertakings
To ensure market integrity during this period, the Promoter and Promoter Group have provided an undertaking not to purchase any equity shares in the open market on the dates when the sale is being undertaken. This measure prevents artificial price support or manipulation during the divestment process.
The company confirmed that it will adhere to all applicable laws, including the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The intimation has been submitted to both stock exchanges and uploaded to the company’s website for public access.
Historical Stock Returns for Allied Blenders & Distillers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.28% | +2.43% | +8.89% | +58.62% | +17.88% | +103.81% |
How might the increased float from this divestment impact Allied Blenders & Distillers' liquidity and inclusion in major market indices?
What is the current status of other promoter group members' holdings, and are further stake sales planned to fully meet SEBI's 25% public shareholding threshold?
How will the potential supply overhang of 5.5 million shares influence short-term price volatility during the September-October 2026 window?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
