The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Atibha Agriseeds Pvt Ltd
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Atibha Agriseeds Private Limited has disclosed acquisition of 3,69,500 equity shares (24.63%) of Chemo Pharma Laboratories Ltd through open market purchase pursuant to a Share Purchase Agreement dated 18/02/2025 linked to an Open Offer. Before this acquisition, the acquirer held Nil shares in the target company, and after the deal its holding stands at 24.63% of the total equity and voting capital. The acquirer has confirmed it does not belong to the promoter or promoter group of Chemo Pharma Laboratories Ltd. The acquisition was completed on 11/07/2025 and reported to BSE on 14/07/2025. The total equity capital of Chemo Pharma is Rs. 1.5 crore divided into 15 lakh shares of Rs. 10 each.
A non-promoter entity taking a 24.63% stake — just below the 25% open offer trigger — is a significant ownership change for a small company and signals a potential change in control or strategic direction. Shareholders should watch for the mandatory open offer announcement and any further disclosures from the acquirer or target.