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 shares held by ABT Investments (India) Private Limited at a price of Rs. 15.96 per share. This acquisition allows Dr. M. Manickam to secure 14.18% of the company's equity shares.
Shareholding Structure Changes
The proposed transaction impacts the shareholding details of Sakthi Sugars Limited, as outlined below.| Stakeholder | Before Proposed Transaction | After Proposed Transaction |
|---|---|---|
| M. Manickam | 1,914,200 shares (1.61% of total) | 18,774,200 shares (15.79% of total) |
| ABT Investments (India) Private Limited | 66,473,540 shares (55.93% of total) | 49,613,540 shares (41.75% of total) |
The inter se transfer of equity shares among the promoter group is cited as the rationale for the transaction.
SAKHTISUG Stock Price Movement
Today, Sakthi Sugars Limited shares edged higher to close at ₹18.35, gaining 0.44% in post-market trading. The equity settled on a total traded volume of 174,789 shares, marking a solid close for the day.Source:
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