The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kare Family Pvt Trust
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Kare Family Private Trust (KFPT), whose trustees are promoters Aditi Milind Panandikar and Madhura Suresh Kare, acquired 55,34,874 equity shares (6.00% of share capital) of Indoco Remedies from Aruna Suresh Kare via an off-market inter-se transfer on 26 December 2025. No consideration was paid since this was a settlement from the settlor to the trust. KFPT also acquired 40% of promoter entity Shanteri Investment Pvt Ltd (which holds 17.19% in Indoco) and 20.16% of SPA Holdings Pvt Ltd (which holds 19.88% in Indoco). As a result, KFPT's direct holding in Indoco rose from 8.20% to 14.20%, while Aruna Suresh Kare's holding dropped from 6.00% to 0%. The rationale given is family succession planning and streamlining of family assets, and the transfer is exempt from an open offer under Regulation 10(1)(a)(i).
This is an internal family restructuring with no change in the overall promoter group stake or change in control, so there is no material impact on minority shareholders. The transfer was done at nil consideration and exempt from open offer obligations, meaning no dilution or governance changes are expected for retail investors.