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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.
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Saffron Capital issued a reminder advertisement for an open offer by Annjana Dugar, Likhitta Dugar, and Antariksh Dugar with PAC Padam Dugar to acquire 654,966 shares (26%) of Colinz Laboratories at ₹
Colinz Labs Open Offer for 26% at ₹54/Share
Mandatory open offer by Annjana Dugar, Likhitta Dugar, Antariksh Dugar and PAC Padam Dugar to acquire up to 6,54,966 shares (26% stake) of Colinz Laboratories Ltd at ₹54 per share, aggregating ₹3.53 c
Colinz Labs 26% Open Offer at ₹54/Share
Annjana, Likhitta, and Antariksh Dugar with Padam Dugar launch a mandatory open offer for 26% of Colinz Laboratories at ₹54 per share.
The offer is triggered by their agreement to acquire 34.56% from