Rama Shiva Lease sells 4.75 crore Biogen shares
Rama Shiva Lease Finance Private Limited disclosed the sale of 4.75 crore shares in Biogen Pharmachem Industries Limited, reducing its holding from 9.31% to 4.04%. The transaction, executed on May 18, 2026, via the open market, was reported to BSE under Regulation 29(2) of the SEBI Takeover Regulations.

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Rama Shiva Lease Finance Private Limited has submitted a disclosure to BSE Limited regarding the sale of shares in Biogen Pharmachem Industries Limited . The filing was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The acquirer, which is not part of the promoter or promoter group of the target company, sold 4,75,00,000 shares carrying voting rights. This transaction was executed via the open market on May 18, 2026. The shares sold represent 5.26% of the company's total share capital and voting rights.
Prior to this sale, Rama Shiva Lease Finance Private Limited held 8,40,00,000 shares, which accounted for 9.31% of the total paid-up share capital. Following the sale of the 4.75 crore shares, the acquirer's remaining holding has decreased to 3,65,00,000 shares. This revised holding constitutes 4.04% of the total share capital and voting rights of Biogen Pharmachem Industries Limited.
Shareholding Details
The disclosure outlines the changes in the acquirer's shareholding pattern, detailing the number of shares held before and after the transaction. The total equity share capital of the target company remains unchanged at Rs. 90,26,03,000, divided into 90,26,03,000 equity shares of Rs. 2 each.
| Description | Number of Shares | % of Total Share Capital |
|---|---|---|
| Holding Before Sale | ||
| Shares carrying voting rights | 8,40,00,000 | 9.31% |
| Sale Details | ||
| Shares sold | 4,75,00,000 | 5.26% |
| Holding After Sale | ||
| Shares carrying voting rights | 3,65,00,000 | 4.04% |
The acquirer confirmed that there are no shares held under encumbrance, nor are there any warrants or convertible securities that entitle the acquirer to receive additional voting rights. The total diluted share capital of the company remains at 90,26,03,000 equity shares.
Historical Stock Returns for Biogen Pharmachem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | -4.88% | -40.91% | -51.85% | +95.00% |
Will Rama Shiva Lease Finance Private Limited continue to divest its remaining 4.04% stake in Biogen Pharmachem Industries Limited, and what could be the trigger for a complete exit?
How might this significant 5.26% stake offloading impact Biogen Pharmachem's stock liquidity and price discovery in the near term?
Could this large open market sale signal a broader shift in investor sentiment toward Biogen Pharmachem Industries, potentially attracting or deterring other institutional investors?


































