The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lactose India Ltd has informed the BSE about an inter-se transfer of 5,75,184 shares (4.57% of share capital) from Madhusha Lifecare Private Limited to SST Private Family Trust, both part of the promoter and promoter group. The transaction is scheduled for 17 December 2025 at a price of Rs. 61 per share, which is well below the 60-day volume weighted average market price of Rs. 120.91 per share. After the transfer, SST Private Family Trust's holding will rise from 7,50,000 shares (5.96%) to 13,25,184 shares (10.53%), while Madhusha Lifecare's holding drops from 4.57% to nil. The aggregate promoter and promoter group shareholding remains unchanged before and after the transaction. Because both parties are existing promoters named in the shareholding pattern for at least three years, the deal qualifies for exemption from the open offer requirement under SEBI's Takeover Regulations.
Since this is just reshuffling of shares within the promoter family, there is no change in total promoter ownership and no open offer obligation is triggered, so the stock price should not be materially impacted. The transfer is happening at a substantial discount (~50%) to the recent traded price, which reflects the regulatory cap under the exemption rule rather than market valuation.