Smitha Sunnil Korgaonkar Acquires Equity Shares in Lords Mark Industries Limited
Smitha Sunnil Korgaonkar has acquired equity shares in Lords Mark Industries Limited, which operates under the name of its former entities, Lords Mark India Limited and Kratos Energy & Infrastructure Limited. This acquisition involves the allotment of 6,25,000 Equity Shares.The transaction relates to an allotment pursuant to a Resolution plan approved under Section 31 of the insolvency and bankruptcy code, 2016. The scheme and amalgamation were previously approved by Hon'ble NCLT, Mumbai Bench.
Details regarding the acquisition include the following:
| Metric | Detail |
|---|---|
| Total Shares Acquired | 6,25,000 Equity Shares |
| Acquisition Price | Pursuant to approved Resolution plan and scheme amalgamation |
| Post-Transaction Holding | 0.15% of total share capital of TC |
The acquisition was made by Smitha Sunnil Korgaonkar and resulted in her holding 6,25,000 shares in the company, representing 0.15% of the total share capital of Lords Mark Industries Limited.
Stock Price Movement
Lords Mark Industries Ltd settled at ₹669.70 on Thursday, as the shares ticked up 4.99% from the previous close. The stock was locked completely flat for the day, with its intraday high and low registering identically at ₹669.70.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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