Shareholding20 May 2026, 05:31 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, another promoter group company, on May 4, 2026. This acquisition was an inter se transfer among promoter and promoter group companies, exempt under Regulation 10(1)(a)(ii) of SEBI Takeover Code. The company has complied with Regulation 10(7) by submitting the required disclosures to SEBI and the stock exchanges.
Key Highlights
- M.Manickam acquired 1,68,60,000 shares of Sakthi Sugars at ₹15.96 per share.
- The total transaction value amounted to ₹26,90,85,600.
- The acquisition was an inter se transfer within the promoter group.
- Post-acquisition, M.Manickam holds 15.79% of Sakthi Sugars.
- ABT Investments (India) Private Limited is the seller in this transaction.
Price Impact
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