Eastspring Investments (Singapore) Limited announced that it became a substantial shareholder in Mahanagar Gas Limited as of March 9, 2026. This change was triggered by the acquisition of additional voting shares via the open market. The total holding by Prudential plc and its subsidiaries now stands at 5.01% of the total voting capital, crossing the required disclosure threshold under securities regulations.
Disclosure of Substantial Shareholding Change
Eastspring Investments (Singapore) Limited has officially informed the Bombay Stock Exchange (BSE) regarding a change in its shareholding in Mahanagar Gas Limited (MGL). The notification confirms that the entity, along with its Persons Acting in Concert (PACs), crossed the threshold to be classified as a substantial shareholder on March 9, 2026.
Acquisition Details
The acquisition of shares was conducted through the Open Market mode. The details of the transaction are as follows:
- Shares carrying voting rights acquired during the transaction: 66,037, representing 0.06% of the total share capital.
- Prior to the acquisition, the total holding by Eastspring and its PACs (Prudential plc and its subsidiaries) was 4,886,097 shares (4.95%).
Post-Acquisition Shareholding Position
Following the acquisition, the cumulative holding of Prudential plc and its subsidiaries, including Eastspring Investments, is now:
- Total Shares Carrying Voting Rights:
- 4,952,134
- Percentage of Total Share Capital Held:
- 5.01%
The total equity share capital and total voting capital of Mahanagar Gas Limited remained constant throughout this period at INR 987,777,780, both before and after the said acquisition. The report was signed by Lim Siew May, Director, Global Shareholding Reporting, on behalf of Eastspring Investments on March 11, 2026.
Source: BSE
