Valiant Organics Limited has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
VALIANTLAB · price
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Valiant Organics Limited (promoter group entity) plans to acquire 1,86,07,531 equity shares (34.26%) of Valiant Laboratories Limited from Dhanvallabh Ventures LLP through an off-market transaction. The acquisition is part of a restructuring exercise by Valiant Organics. The 60-day VWMP is Rs. 62.71 per share, with price capped at 25% above this. Post-transaction, Valiant Organics will hold 34.26% while Dhanvallabh Ventures will reduce from 46.84% to 12.58%. The transaction qualifies for exemption from open offer under Regulation 10(1)(a)(iii) as the acquirer is a promoter group member.
This block deal will significantly alter the promoter group's holding structure. Dhanvallabh Ventures LLP is selling a substantial 34.26% stake, reducing its position to 12.58%. Valiant Organics is consolidating its stake, which could signal continued promoter involvement in the company. The off-market nature suggests a planned restructuring.