The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for AL Maha Investment Fund Pcc - Onyx Strategy
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Mauritius-based AL Maha Investment Fund PCC - Onyx Strategy has acquired 13,43,741 equity shares (38.38%) of Lake Shore Realty Ltd through a Share Purchase Agreement dated May 30, 2025. Before this acquisition, the fund held no shares in the company. After the deal, it holds 13,43,741 shares representing 38.38% of the total share capital and voting rights. The acquisition was done at a premium to the existing equity share capital of 35,00,700 shares of Rs 10 each. The acquirer has explicitly stated it is NOT part of the promoter/promoter group of the company. Shares are yet to be credited to the acquirer's demat account.
This is a major stake acquisition by a foreign institutional investor, giving it a controlling 38.38% holding in a small listed company. For existing shareholders, this signals a change in ownership and control, and the stock may see significant price movement when the shares are formally credited.