STOCKWATCH
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Packaged Foods
Acquisitions30 May 2025, 08:24 pm

Almondz Financial Services Announces Open Offer for Acquisition of 26% Stake in Lake Shore Realty Limited (formerly Mahaan Foods Limited) by AL MAHA INVESTMENT FUND PCC - ONYX STRATEGY and Indigo Infracon Private Limited

AI Summary

Almondz Financial Services Ltd, as the Manager to the Offer, has submitted a copy of the Public Announcement for an open offer to acquire up to 9,10,182 equity shares of Lake Shore Realty Limited (formerly Mahaan Foods Limited) from public shareholders. The acquirers, AL MAHA INVESTMENT FUND PCC - ONYX STRATEGY and Indigo Infracon Private Limited, aim to acquire 26% of the equity share capital of the Target Company. The offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.

Key Highlights

  • Almondz Financial Services Ltd acting as the Manager to the Offer
  • Open offer for acquisition of up to 9,10,182 equity shares
  • Acquirers aiming to acquire 26% of the equity share capital
  • Compliance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended
  • Target Company: Lake Shore Realty Limited (formerly Mahaan Foods Limited)
MAHAANF
Packaged Foods
MAHAAN FOODS LTD.

Price Impact