Rama Shiva Lease sells 4.75 crore Biogen shares

1 min read     Updated on 20 May 2026, 10:16 AM
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Shriram SScanX News Team
AI Summary

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 Day5 Days1 Month6 Months1 Year5 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?

Parichay Infrastructure acquires 4.42% stake in Biogen Pharmachem

1 min read     Updated on 20 May 2026, 09:58 AM
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Reviewed by
Shriram SScanX News Team
AI Summary

Parichay Infrastructure Limited disclosed acquiring 3,99,32,000 shares, or 4.42%, of Biogen Pharmachem Industries Limited via open market on May 18, 2026. Post-acquisition, the entity holds 4,20,68,000 shares, representing a 4.66% stake in the company.

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Parichay Infrastructure Limited has submitted a disclosure to BSE Limited regarding a substantial acquisition of shares in Biogen Pharmachem Industries Limited . The acquisition was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The transaction involved the purchase of 3,99,32,000 equity shares carrying voting rights. This quantity represents 4.42% of the target company's total share capital and total diluted share capital. The mode of acquisition was reported as the open market, with the transaction settling on May 18, 2026.

Holding Details

Prior to this acquisition, Parichay Infrastructure held 8,20,00,000 shares, which accounted for 9.08% of the total share capital. The recent purchase has altered the acquirer's position in the company. The disclosure confirms that the acquirer does not belong to the promoter or promoter group of the target entity.

Post-Acquisition Status

Following the acquisition of shares on May 18, 2026, the total shareholding of Parichay Infrastructure in Biogen Pharmachem Industries Limited has adjusted to 4,20,68,000 shares. This revised holding constitutes 4.66% of the total voting capital of the target company. The equity share capital of Biogen Pharmachem Industries Limited remains at Rs. 90,26,03,000, divided into 90,26,03,000 equity shares of Rs. 2 each.

The following table summarizes the shareholding changes:

Description Number of Shares % of Total Share Capital % of Diluted Share Capital
Holding Before Acquisition
Shares carrying voting rights 8,20,00,000 9.08 9.08
Acquisition Details
Shares acquired 3,99,32,000 4.42 4.42
Holding After Acquisition
Shares carrying voting rights 4,20,68,000 4.66 4.66

The acquirer has confirmed that there are no shares held in the nature of encumbrance, nor are there any warrants or convertible securities that entitle the acquirer to receive additional voting rights.

Historical Stock Returns for Biogen Pharmachem

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%-4.88%-40.91%-51.85%+95.00%

Will Parichay Infrastructure continue to reduce its stake in Biogen Pharmachem Industries, and could further sell-offs signal a complete exit from the company?

What impact might this significant reduction in shareholding (from 9.08% to 4.66%) have on Biogen Pharmachem's stock price and investor sentiment in the near term?

Could Parichay Infrastructure's divestment of shares in Biogen Pharmachem indicate a strategic reallocation of capital toward new infrastructure or other sector investments?

More News on Biogen Pharmachem

1 Year Returns:-51.85%