Essix Biosciences Acquires 14 lakh Equity Shares Of Ind-Swift Laboratories
· Free Press Journal
Mumbai: Essix Biosciences Limited, an acquirer belonging to the promoter group of Ind-Swift Laboratories Limited, has acquired 14 lakh equity shares of the target company. The acquisition took place on October 8, 2026, through the conversion of fully convertible warrants.
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Acquisition Details
The acquisition involved 14 lakh equity shares, each with a face value of ₹10, as a result of converting fully convertible warrants. This transaction increased Essix Biosciences' direct voting rights in Ind-Swift Laboratories.
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Before the acquisition, Essix Biosciences Limited held 3,28,82,521 shares, representing 37.81 per cent of the total share/voting capital and 35.00 per cent of the total diluted share/voting capital. The promoter group, including Essix Biosciences, collectively held 4,43,34,278 shares, amounting to 42.93 per cent of the total share/voting capital and 47.18 per cent of the total diluted share/voting capital.
Shareholding After Acquisition
Following the acquisition, Essix Biosciences Limited's direct holding increased to 3,42,82,521 shares, representing 38.80 per cent of the total share/voting capital and 36.48 per cent of the total diluted share/voting capital. The promoter and promoter group's total holding remained at 4,43,34,278 shares, accounting for 43.84 per cent of the total share/voting capital and 47.18 per cent of the total diluted share/voting capital.
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The equity share capital of Ind-Swift Laboratories Limited before the acquisition was ₹86,96,15,580, comprising 8,69,61,558 equity shares of ₹10 each. After the acquisition, the equity share capital increased to ₹88,36,15,580, consisting of 8,83,61,558 equity shares of ₹10 each.
Diluted Capital
The total diluted share/voting capital after the acquisition stands at ₹93,96,15,580, comprising 9,39,61,558 equity shares of ₹10 each.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.