Basaboini Family Acquires 6.6% Stake in Samsrita Labs Through Preferential Allotment
Four members of the Basaboini family have acquired a combined 6.6% stake in Samsrita Labs Limited through a preferential allotment on July 18, 2025. The acquisition involved 15,00,000 shares, with Basaboini Malathi and Mallikarjun Rao Basaboini each acquiring 2.20% stakes, while Mrinalini Basaboini and Mriganayani Basaboini each acquired 1.10% stakes. This acquisition has increased the company's total equity share capital from 1,48,08,706 to 2,27,49,710 shares. The acquirers, who were not part of the promoter group and had no previous holdings, have filed the necessary disclosures under SEBI regulations.
23Jul 25
Samsrita Labs Sees 7.10% Stake Acquisition Through Preferential Allotment
Perla Naga Pattabhi Ravikanth has acquired a 7.10% stake (16,16,001 equity shares) in Samsrita Labs Limited through a preferential allotment on a swap basis. The allotment occurred on July 18, 2025, changing Ravikanth's shareholding from 0 to 16,16,001 shares. This acquisition has triggered disclosure requirements under SEBI regulations. Samsrita Labs is listed on the Metropolitan Stock Exchange of India Limited, and the acquirer is not part of the promoter group.
Samsrita Labs Limited's board approved a preferential allotment of 33.91 lakh equity shares to non-promoters at Rs. 10 per share, raising Rs. 3.39 crore. Four individuals, led by Mallikarjun Rao Basaboini and Basaboini Malathi, acquired a combined 6.56% stake. The company's share capital increased from 1.48 crore to 2.28 crore equity shares, representing a 54.3% expansion. The allotment complies with SEBI regulations and significantly alters the company's ownership structure.