Announced Mon, 13 Jul · 14:47 IST
Promoter CAG-Tech raises stake by 4.99%, all shares under NDU
Promoter Stake BuyCreeping Acquisition Near ThresholdPromoter Below 50pctOwnership Changes View source PDF
SUNDROP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.0%1-day move
₹626.45
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.0+1.5+2.2+3.0+1.2+3.6————
Up moveDown movePending
AI summary
CAG-Tech (Mauritius) Ltd, promoter of Sundrop Brands, bought 18,81,073 extra shares (4.99%) on June 4, 2026, raising its stake to 43.90%. The buy was funded by a US$30.7M loan from OCA Fund III entities. All 1,65,47,595 promoter shares (100% of promoter holding) are now under a Non-Disposal Undertaking with Catalyst Trustee Limited as security.
Likely market impact
Promoter stake rises to 43.90% but stays below 50%; all promoter shares locked via NDU as loan security, repayable in 48 months.