Acquisitions8 Jul 2026, 07:10 pm
Sachidanand Upadhyay Acquires 77.54% Stake in Lords Mark Industries
AI Summary
Sachidanand H Upadhyay has acquired a significant 77.54% stake in Lords Mark Industries Limited. This acquisition, comprising 33,07,96,229 equity shares, was made pursuant to a Resolution Plan approved under the Insolvency and Bankruptcy Code, 2016, and a scheme of amalgamation sanctioned by the NCLT, Mumbai Bench. The acquisition is exempted from making an open offer under Regulation 10(1)(da) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was finalized on June 23, 2026, with the disclosure filed on July 8, 2026.
Key Highlights
- Sachidanand Upadhyay acquired 77.54% of Lords Mark Industries.
- Acquisition stems from an approved insolvency resolution plan.
- NCLT sanction was obtained for the amalgamation scheme.
- Open offer exemption secured under SEBI Takeover Regulations.
- Transaction finalized on June 23, 2026.
Price Impact
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