Indoco Remedies: Promoters boost stake through family transfers

Aditi Milind Panandikar and Kare Family Private Trust (KFPT), along with Aruna Suresh Kare, have directly acquired 13,097,055 equity shares, representing 14.20% of Indoco Remedies Limited. This acquisition involved transfers from Suresh Govind Kare, Aditi Milind Panandikar, and Madhura Suresh Kare. KFPT acquired 2,767,467 shares (3.00%) from Suresh Govind Kare and 4,794,714 shares (5.20%) from Aruna Suresh Kare. Aruna Suresh Kare acquired 2,767,437 shares (3.00%) each from Aditi Milind Panandikar and Madhura Suresh Kare.

Additionally, KFPT and Aruna Suresh Kare indirectly acquired control over equity shares in Indoco Remedies through stakes in promoter companies Shanteri Investment Private Limited (SIPL) and SPA Holdings Private Limited (SHPL). KFPT acquired a 55.02% stake in SIPL and 53.97% in SHPL, leading to an indirect control of 17.19% and 19.88% of Indoco Remedies' voting capital, respectively. Aruna Suresh Kare also acquired stakes in SIPL and SHPL from Aditi Milind Panandikar and Madhura Suresh Kare, resulting in indirect holdings of 20% and 10.08% respectively.