The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for AI Maha Investment Fund PCC ONYX Strategy
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Al Maha Investment Fund PCC – ONYX STRATEGY, a Mauritius-based foreign institutional investor, has completely sold its entire stake of 7,99,941 equity shares (22.85% of voting capital) in Lake Shore Realty Ltd on 28–29 April 2026 through a Share Purchase Agreement (off-market block deal). Before the sale, the FII held 7,99,941 shares (22.85%) plus 1,55,000 encumbered shares (4.43%), and has now reduced its holding to zero. The seller is not part of the promoter/promoter group. Additionally, 10,35,000 shares remain lying in an escrow account under the same SPA and have not yet been transferred, hinting that a larger transaction may still be in progress. The company's total share capital remains unchanged at 35,00,700 equity shares of Rs 10 each.
A complete FII exit removes a long-standing institutional shareholder and may be seen as a negative signal by retail investors regarding the stock's prospects. However, since the transfer happened off-market via SPA, there is no immediate selling pressure on the exchange. Investors should watch for disclosure of the buyer(s) and the pending release of 10,35,000 escrow shares, which could change the shareholder structure further.