The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for CAG - Tech (Mauritius) Ltd
SUNDROP · price
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CAG-Tech (Mauritius) Limited, part of the promoter group of Sundrop Brands Ltd (formerly Agro Tech Foods Ltd), acquired 1,881,073 equity shares through an off-market transaction on June 4, 2026. This represents 4.99% of the company's total share capital and 4.81% of the diluted share capital. As a result, the promoter group's voting stake has risen from 38.91% to 43.90% (42.28% on a diluted basis). The acquisition was carried out under Regulation 29(2) of SEBI's Takeover Regulations. Notably, the entire pre-acquisition holding of 14,666,522 shares remains encumbered under a non-disposal undertaking.
This is a positive signal for retail investors, as the promoter group is increasing its stake rather than diluting it, indicating continued confidence in the company. The off-market nature suggests this may be an inter-se transfer among promoter entities rather than a fresh infusion, so there is no direct impact on share price from new supply or demand.