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Colinz Laboratories Limited

5 articles
A shift in ownership is underway at Colinz Laboratories, as the Dugar family, led by Annjana, Likhitta, and Antariksh Dugar alongside Padam Dugar, is launching a mandatory open offer to acquire a 26% stake at ₹54 per share, triggered by an agreement to purchase a 34.56% stake from promoter Vijaya Mani. This transaction will result in the Dugar group and PAC becoming co-promoters, collectively holding a 49.56% stake in the company. The open offer, managed by Saffron Capital Advisors, reflects a significant change in control and underscores a strategic realignment within the company, potentially impacting future growth initiatives and investor sentiment.