Promoter Sells 34.56% Stake in Colinz Labs for ₹4.35 Cr

Colinz Laboratories Limited has announced a significant promoter share sale. Ms. Vijaya Mani, a promoter, has executed a Share Purchase Agreement (SPA) to sell 8,70,500 equity shares, representing 34.56% of the company's total voting share capital, to Annjana Dugar, Likhitta Dugar, and Antraiksh Dugar. The transaction is valued at ₹50 per equity share, totaling approximately ₹4.35 crore. The sale is subject to certain conditions, and upon completion, the Acquirers will gain control and management rights of the company. As per SEBI regulations, the Acquirers are required to make an Open Offer to the public shareholders.