Adarsh Somani and Associates to Acquire 10.31% Stake in Oricon Enterprises
Adarsh Somani, Hazarimal Somani Partnership Firm, and others are set to acquire a 10.31% stake (1.61 crore shares) in Oricon Enterprises Limited on September 1, 2025. The acquisition, priced at Rs 54.54 per share or market price, involves both purchases and gifts from eight entities. This move aims to resolve family disputes, settle business partition inequalities, and preserve family honor. Post-transaction, the acquirer group's stake will increase to 40.91%, while the seller group's will decrease to 1.61%. The acquirers have committed to comply with all SEBI regulations regarding the acquisition.
*this image is generated using AI for illustrative purposes only.
Oricon Enterprises Limited is set to witness a significant change in its shareholding structure as Adarsh Somani, along with Hazarimal Somani Partnership Firm and other persons acting in concert, prepare to acquire a substantial stake in the company.
Key Details of the Acquisition
- Stake Size: 1.61 crore shares, representing 10.31% of Oricon Enterprises Limited
- Transaction Date: September 1, 2025
- Share Price: Rs 54.54 per equity share or prevailing market price at the time of transfer
- Acquirers: Hazarimal Somani Partnership Firm, Adarsh Somani, and other persons acting in concert
- Sellers: Eight entities including Parijat Shipping and Finale Limited, Oriental Enterprises Partnership Firm, and Sarvamangal Mercantile Company Limited
Transaction Breakdown
The acquisition involves a mix of purchased shares and shares transferred as gifts:
| Seller | Shares to be Acquired | Mode of Transfer |
|---|---|---|
| Parijat Shipping and Finale Limited | 1,69,400 | Purchase |
| Oriental Enterprises Partnership Firm | 27,540 | Purchase |
| Sarvamangal Mercantile Company Limited | 36,10,500 | Purchase |
| Varun Surendra Somani HUF | 8,17,380 | Purchase |
| Namrata Somani | 26,55,820 | Gift (without consideration) |
| Varun Somani | 43,50,295 | Gift (without consideration) |
| Surendra Somani | 16,89,085 | Gift (without consideration) |
| Vandana Somani | 28,73,800 | Gift (without consideration) |
Rationale and Impact
The primary objective of this transaction is to resolve family disputes and settle inequalities in the family business partition. By executing this transfer, the involved parties aim to:
- Put an end to family disputes
- Buy peace within the family
- Address differences arising from inter-se family disputes
- Settle inequalities in the partition of the family business
- Preserve family property by avoiding litigation
- Safeguard the family's honor
Shareholding Changes
Post-transaction, the shareholding structure of Oricon Enterprises will undergo significant changes:
- Acquirer Group: Shareholding will increase from 30.60% to 40.91%
- Seller Group: Shareholding will decrease from 11.93% to 1.61%
Regulatory Compliance
The acquirers have declared that they will comply with all applicable disclosure requirements under Chapter V of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. They have also confirmed that the acquisition price will not exceed 25% of the volume-weighted average market price for the 60 trading days preceding the notice date.
This strategic move is expected to streamline the ownership structure of Oricon Enterprises Limited and potentially bring stability to the company's operations by resolving long-standing family disputes.
Historical Stock Returns for Oricon Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.19% | +2.07% | +15.33% | +37.19% | +38.17% | +175.98% |
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