Pursuant to the receipt of disclosure under Regulation 10(6) of SEBI SAST Regulations 2011 from Dr.M.Manickam, Chairman and Managing Director of the Company, we wish to inform you that ....
SAKHTISUG · price
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ABT Investments (India) Private Limited, the holding company of Sakthi Sugars, transferred 1,68,60,000 equity shares to Dr. M. Manickam, Chairman and Managing Director. This transfer reduced ABT Investments' stake from 55.93% to 41.75% of the paid-up equity share capital. As a result, ABT Investments ceased to be the holding company of Sakthi Sugars, and the company now qualifies as an associate company of ABT Investments. The disclosure was made under Regulation 10(6) of SEBI SAST Regulations, 2011.
Dr. M. Manickam's acquisition of these shares consolidates promoter holding through direct ownership, while ABT Investments falling below 50% marks a structural shift in the company's ownership hierarchy from subsidiary to associate status.