BSELake Shore Realty LtdHighPositive
Announced Fri, 1 Aug · 10:09 IST

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Indigo Infracon Pvt Ltd

Ownership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Indigo Infracon Private Limited, a non-promoter entity, has acquired 5,75,889 equity shares (16.452%) of Lake Shore Realty Ltd (formerly Mahaan Foods Limited) through a Share Purchase Agreement dated May 30, 2025. The acquisition was completed on July 29, 2025, taking Indigo Infracon from a nil holding to 16.452% of the company's equity share capital. Lake Shore Realty has a total equity capital of 35,00,700 shares of Rs 10 each, listed on both BSE (Scrip Code: 519612) and NSE. This is a substantial acquisition requiring disclosure under SEBI takeover regulations.

Likely market impact

A non-promoter entity now holds over 16% of the company, introducing a new significant shareholder. Investors should watch for further disclosures from Indigo Infracon, as crossing certain ownership thresholds could trigger open offer obligations or signal potential board/management changes.