Investment24 Sept 2026, 10:23 pm
Lords Mark Promoters Reinvest ₹87.3 Cr Sale Proceeds in Medical Devices
AI Summary
Lords Mark Industries Ltd announced that its promoters, Mr. Sachidanand H Upadhyay, have reinvested the majority of the ₹87.38 crore net proceeds from the sale of 1,03,56,983 equity shares. The funds will be used for the expansion of the company's medical device unit through a viable and acceptable means. The sale of shares occurred on September 18, 2026, via block deal/open market transactions on BSE.
Key Highlights
- Promoters reinvested majority of ₹87.3 Cr from share sale.
- Funds earmarked for medical device unit expansion.
- Sale involved 1.03 Cr shares at ₹10 face value.
- Transaction completed via block deal/open market on BSE.
Price Impact
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