Acquisitions2 Mar 2026, 04:31 pm
Sangeetha Sundaramoorthy Acquires 6.8693% Stake in Lotus Eye Hospital And Institute Ltd for Rs.70 per Share
AI Summary
According to a disclosure made under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Sangeetha Sundaramoorthy has acquired 14,28,571 shares of Lotus Eye Hospital And Institute Ltd from Kavetha Sundaramoorthy, a promoter of the company. The acquisition was made pursuant to a Share purchase agreement dated gz June, 2025. The price per share was agreed at Rs.70. This acquisition increases Sangeetha Sundaramoorthy's shareholding from 28.1391% to 35.0084%.
Key Highlights
- Sangeetha Sundaramoorthy acquires 14,28,571 shares of Lotus Eye Hospital And Institute Ltd from Kavetha Sundaramoorthy
- The acquisition was made pursuant to a Share purchase agreement dated gz June, 2025
- The price per share was agreed at Rs.70
- Sangeetha Sundaramoorthy's shareholding increases from 28.1391% to 35.0084%
- The acquisition was made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011