M. Manickam to Acquire 14.18% Stake in Sakthi Sugars Ltd Through Inter Se Share Transfer
Sakthi Sugars Limited announced a proposed inter se transfer of equity shares involving its promoter group. M. Manickam, identified as a promoter of the company, plans to acquire 1,68,60,000 equity shares from ABT Investments (India) Private Limited.The proposed transaction is structured as an inter se transfer amongst the Promoter and Promoter Group Company, utilizing an exemption rule that ensures no change in the total shareholding of the Promoters and Promoter Group following the acquisition. The transaction is proposed to take place on or after April 24, 2026.According to the details provided, Dr. M. Manickam will acquire 1,68,60,000 equity...