Sangita sells 13.50% stake in Laser Diamonds via off-market deal
- Sangita sold 5,46,700 shares (13.50%) in Laser Diamonds Limited via off-market deal
- Post-sale holding in Laser Diamonds reduces to 9.64% from 23.14%
- Disclosure filed under Regulation 29(2) of SEBI SAST Regulations, 2011
*this image is generated using AI for illustrative purposes only.
Sangita sold 5,46,700 equity shares of Laser Diamonds Limited , representing a 13.50% stake, through an off-market transaction on October 14, 2026.
This disposal was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The seller is not part of the promoter or promoter group of the target company.
Post-transaction holdings
Following the sale, Sangita’s shareholding in the company has reduced significantly. The details of the pre- and post-transaction positions are outlined below:
| Metric | Pre-sale | Sale | Post-sale |
|---|---|---|---|
| Shares held | 9,37,200 | 5,46,700 | 3,90,500 |
| Percentage of voting capital | 23.14% | 13.50% | 9.64% |
| Encumbered shares | 0 | 0 | 0 |
Transaction specifics
The transaction involved the sale of equity shares carrying voting rights. No warrants, convertible securities, or other instruments entitling the holder to receive shares were involved in this specific disclosure.
- Mode of sale: Off-market
- Date of sale: October 14, 2026
- Total diluted share/voting capital: ₹4,05,00,000 (40,50,000 Equity Shares of ₹10 each)
The equity share capital of the target company remained unchanged at ₹4,05,00,000 before and after the sale, as the transaction involved the transfer of existing shares rather than new issuance.
Historical Stock Returns for Laser Diamonds
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Who acquired the 13.50% stake from Sangita, and does this new holder have any affiliation with the promoter group?
How will the reduction of Sangita's stake to 9.64% impact the company's float and liquidity on the stock exchange?
Are there any pending regulatory approvals or lock-in period violations associated with this off-market transfer?
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