Laxmi Dental Reports Strong Q1 FY26 Results, Plans Global Expansion Aug 12, 2025
Laxmi Dental Limited Reports Strong Q1 FY25-26 Results with 83.30 Crore Profit Aug 12, 2025
Laxmi Dental Limited Announces Q1 FY26 Earnings Conference Call for August 13 Aug 07, 2025
Laxmi Dental Expands into AI Dentistry with 58% Stake Acquisition in AI Dent Global Jul 28, 2025
More news about Laxmi Dental
21Jul 25
Laxmi Dental's Lock-in Period Ends, Freeing Up 37% of Shares for Trading
Laxmi Dental's six-month shareholder lock-in period has ended, making 2.06 crore shares (37% of equity) eligible for trading. Promoters hold 41.70% stake, followed by mutual funds at 11.89%, foreign institutions at 6.68%, and retail shareholders at 4.50%. Key investors include HSBC, HDFC, Invesco Mutual Funds, Abu Dhabi Investment Authority, and Goldman Sachs. Motilal Oswal initiated coverage with a 'buy' recommendation, projecting a 26% upside. The stock rose 12%, closing at ₹484.00, above its IPO price of ₹428.00 but still 17% below its post-listing high.
Laxmi Dental Invests ₹40.91 Crore in Subsidiary Bizdent Devices, Signaling Expansion in Dental Industry
Laxmi Dental Limited is investing ₹40.91 crore in its wholly-owned subsidiary, Bizdent Devices Private Limited (BDPL), through a rights issue of 8,93,334 equity shares at ₹458 per share. The funds will be used for debt repayment and capital expenditure on new machinery. BDPL, incorporated in 2021, manufactures dental products and has shown significant growth, with turnover increasing from ₹4.95 crore in FY 2021-22 to ₹37.58 crore in FY 2023-24. The investment aligns with Laxmi Dental's recent financial growth, despite some cash flow challenges.
17Apr 25
Laxmi Dental to Boost Stake in US Subsidiary with $1 Million Investment
Laxmi Dental Limited plans to invest up to $1 million to increase its stake in its US-based subsidiary, Laxmi Dental Lab USA Inc., from 55.56% to 71.43%. The company will acquire 10,000 additional equity shares at $100 each, based on an Investment Agreement dated December 24, 2024. This strategic move aims to strengthen Laxmi Dental's presence in the American dental prosthetics market. The company has obtained RBI approval for the overseas investment, complying with foreign exchange regulations.
16Apr 25
Laxmi Dental to Invest $1 Million in US Subsidiary, Boosting Ownership Stake
Laxmi Dental Limited plans to invest up to $1 million to increase its ownership in Laxmi Dental Lab USA Inc. from 55.56% to 71.43%. The company will acquire 10,000 equity shares at $100 per share, with RBI approval obtained for fund transfer. This strategic move aims to strengthen Laxmi Dental's presence in the US dental prosthetics market and capitalize on industry growth trends.