Acquisitions2 Jul 2026, 08:34 am
Vinay Sarda Acquires 0.12% Stake in Lords Mark Industries
AI Summary
Vinay Benigopal Sarda has acquired 5,06,875 equity shares, representing 0.12% of the total diluted share capital, in Lords Mark Industries Limited. This acquisition was made pursuant to a resolution plan approved under Section 31 of the Insolvency and Bankruptcy Code, 2016, and a scheme of amalgamation sanctioned by the NCLT, Mumbai Bench. The acquirer is exempted from making an open offer under Regulation 10(1)(da) read with other provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction details were filed with BSE Limited on July 1, 2026.
Key Highlights
- Vinay Sarda acquired 5,06,875 shares in Lords Mark Industries.
- The acquisition represents 0.12% of the company's diluted share capital.
- Transaction is part of an approved resolution and amalgamation plan.
- Acquirer is exempt from open offer requirements under SEBI regulations.
- Disclosure filed with BSE on July 1, 2026.
Price Impact
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