Shareholding5 May 2026, 06:11 pm
Sakthi Sugars: M. Manickam Acquires 1.68 Cr Shares
AI Summary
M. Manickam, a promoter of Sakthi Sugars Ltd, acquired 1,68,60,000 equity shares at ₹15.96 per share, totaling ₹26,90,85,600, from ABT Investments (India) Private Limited on May 4, 2026. This acquisition was an inter se transfer among promoter group companies, exempt under Regulation 10(1)(a)(ii) of SEBI Takeover Code.
Key Highlights
- M. Manickam acquired 1,68,60,000 shares of Sakthi Sugars.
- The acquisition price was ₹15.96 per share, totaling ₹26,90,85,600.
- The shares were acquired from ABT Investments (India) Private Limited.
- The transfer occurred on May 4, 2026, via inter se transfer.
- The acquisition is exempt under SEBI Takeover Code Regulation 10(1)(a)(ii).
Price Impact
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