StockWatch
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Sugar
Shareholding17 Apr 2026, 05:22 pm

Sakthi Sugars: Promoter M. Manickam to acquire 14.18% shares inter-se

AI Summary

M. Manickam, a promoter of Sakthi Sugars Ltd, will acquire 1,68,60,000 equity shares, representing 14.18% of the company's share capital, from ABT Investments (India) Private Limited, a promoter group company. This inter-se transfer, priced at ₹15.96 per share, is an off-market transaction exempted under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The transaction, expected on or after April 24, 2026, will not alter the aggregate shareholding of the promoter and promoter group.

Key Highlights

  • Promoter M. Manickam to acquire 14.18% stake in Sakthi Sugars.
  • Shares to be transferred from promoter group company ABT Investments.
  • Transaction is an inter-se transfer at ₹15.96 per share.
  • No change in total promoter and promoter group shareholding.
  • Acquisition is exempt under SEBI SAST Regulations.