Sarda Proteins Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Onix Renewable Limited has significantly increased its stake in Sarda Proteins Limited by acquiring 70 lakh shares through a preferential allotment, following warrant conversion. This acquisition gives Onix a substantial 77.99% holding in Sarda Proteins Limited. The target company's equity capital expanded from Rs 1.73 Cr to Rs 8.98 Cr post-acquisition. This strategic move means Onix Renewable has taken a controlling interest, which could lead to strategic integration or collaboration, impacting future business operations and potentially offering new growth avenues for Onix.