Valiant Organics Acquires 34.26% Valiant Laboratories Stake

Valiant Organics Limited proposes to acquire 1.86 crore shares (34.26%) in Valiant Laboratories from promoter entity Dhanvallabh Ventures LLP via off-market transaction.
The acquisition is exempt from open offer requirements under Regulation 10(1)(a)(iii) of SEBI Takeover Regulations as part of a promoter group restructuring.
Post-transaction, Valiant Organics will hold 34.26% while Dhanvallabh Ventures LLP's stake reduces from 46.84% to 12.58% in Valiant Laboratories.
The acquisition price will not exceed 25% above the 60-day VWAP of ₹62.71 per share and is subject to requisite approvals.