CAG-TECH Acquires Additional Equity Shares in Sundrop Brands Limited
CAG-TECH (MAURITIUS) LIMITED has increased its stake in Sundrop Brands Limited, acquiring an additional 1,881,073 equity shares of the company. The acquisition was completed through an off-market transaction in June 2026.The acquisition brings CAG-TECH's total holding to approximately 43.90% of the target company's share capital after the latest acquisitions and encumbrances are accounted for. Prior to this purchase, CAG-TECH held 14,666,522 shares.
Acquisition Details
The transaction details show that CAG-TECH (MAURITIUS) LIMITED, which is a promoter in the target company, acquired the shares relating to the off-market acquisition.CAG-TECH's shareholding and related figures are detailed below:
| Metric | Before Acquisition | Acquisition | After Acquisition |
|---|---|---|---|
| Total Shares Held by CAG-TECH | 14,666,522 (38.91%) | Acquired 1,881,073 (4.99%) | 16,547,595 (43.90%) |
| Capital / Voting Capital of TC | INR 37,69,68,530 | N/A | INR 39,14,47,640 (Diluted) |
Company and Stakeholder Information
CAG-TECH (MAURITIUS) LIMITED is the acquirer in this transaction. Sundrop Brands Limited, formerly known as Agro Tech Foods Ltd, remains listed on both National Stock Exchange of India Limited and BSE Limited.A key aspect of the holding details indicates that CAG-TECH's entire shareholding, comprising 14,666,522 equity shares (representing 38.91% of the total share capital), is encumbered pursuant to a non-disposal undertaking.
SUNDROP Stock Price Movement
Today, Sundrop Brands Limited edged up in the post-market session, settling at ₹646 after gaining 0.69%. The company traded on a volume of 4,439 shares during the trading period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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