The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Indigo Infracon Pvt Ltd
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Indigo Infracon Private Limited has acquired 5,75,889 equity shares (16.452%) of Lake Shore Realty Ltd (formerly Mahaan Foods Ltd) through a Share Purchase Agreement dated May 30, 2025. This is a fresh acquisition — the acquirer held Nil shares before the transaction and now holds 16.452% of the company's equity and voting capital. The formal disclosure form states that Indigo Infracon does NOT belong to the promoter/promoter group of Lake Shore Realty, though the cover letter's phrasing is inconsistent on this point. The company's total equity share capital is 35,00,700 shares of Rs 10 each, and shares were acquired at par-ranking with existing equity shares.
A new non-promoter entity has taken a sizeable 16.452% stake in Lake Shore Realty, which could signal a potential change in control or strategic interest in the company. Shareholders should watch for any further disclosures from Indigo Infracon or the existing promoter group, as the acquirer has crossed the 5% SAST threshold and may continue acquiring up to the 25% creeping acquisition limit.