Lasa Supergenerics Limited


(Pradeep) #200

So the CEP filed now is for a new product? If yes any idea on what that product is?


(Vivek) #201

http://www.bseindia.com/xml-data/corpfiling/AttachLive/e8f0530f-8e95-4afd-8b2c-c520842ebca1.pdf

any idea who has sold the 4.33 lak shares?


(Akhil) #202

Refer to the link: http://www.bseindia.com/stock-share-price/stockreach_insidertrade_new.aspx?scripcode=540702&expandable=2

They seem to be OSCL promoters.


(nkgambhir) #203

The 4.33 lakh shares have been sold by the " person acting in concert" (PAC) with Svaks Biotech. This PAC was holding 81.70 lakh shares of LASA . Now i do not know of any single promoter holding such a big chunk of LASA shares. I think this has got something to do with the mutual swapping of LASA and Omkar shares between the promoters of the two companies. More clarity wil emerge after tomorrows meeting .


(nkgambhir) #204

http://www.bseindia.com/stock-share-price/stockreach_sast.aspx?scripcode=540702&expandable=2

As per this link Mr. Omkar Herlekar has acquired 8 lakh shares of LASA and the mode of acquisition is mentioned as null, indicating an offmarket transaction. However this increases the personal holding of Mr Omkar herlekar by 3.5 % . Lot of action going on behind the scenes and the details will emerge after tomorrpws meeting.


#205

Fund raising plans. No further details of use of proposed funds.

http://www.bseindia.com/xml-data/corpfiling/AttachLive/2d29da90-78a8-4c6a-8633-61aa3e70ba26.pdf


(jaindevyash) #206

In con call Mr Omkar says his Dad has 30 Lakh shares in Lasa but shareholding pattern uploaded on website shows only 13 Lakh shares


(jaindevyash) #207

So does that mean Mr Pravin herlekar have only 5 lakh shares of Lasa with him…because as on Sep 30 2017, he had some 13 lakh sahres of Lasa .


(nkgambhir) #208

The press release is slightly confusing. I think the shareholding details will be clear once the shareholders data is released at the end of q3/q4. But two things are clear :

The promoters do not have any pledged/encumbered shares anymore.

The share transfer between promoters of OSCL and LASA is not complete and the final shareholding details will be clear only when the March data are treleased in April/May.


#209

Any clue why stock is hitting lower circuit for 2 days?


(paraa) #210

We can only guess that this is market’s response to the rights issue.Probably it doesnt like this move


(Nolan) #211

Lasa had a straight run from 131 to 214 which is a pretty decent 60%+ jump. Most stocks would take a breather after this. Neither its a verdict on rights issues, nor has the stock turned bearish. The story is very much intact. Big fishes infact would be looking for impatient ones to sell their holding. Question is, ‘are you the one?’


(jaindevyash) #214

Are the Ratio and Price of their upcoming rights issue have been declared?


(lohiyaakshay08) #215

Svaks Biotech India Pvt Ltd(Promoter) sold 46,442 shares


(sta) #216

We need to ask what will they do with the money. I hope they will bring the pledge down in omkar.


(nkgambhir) #217

Omkar and Lasa are separate companies now, The rights issue money can be used by LASA to retire its own debt but it cannot be used get the pledged shares f Omkar released. The main purpose of the rights ssue is to convert the interest free loans that had been given to the company by the promoters, into equity.This will achieve the twin benefits of bringing down the debt burden while also increasing the promoters stake.


(narenarora) #220

The pictures are puzzling. The plant seems to have no walls. Mr. Omkar not present for such an important event.

Is the unit actually operational or this is just a photo op.

Regards
Narendra
Disc. Invested recently small quantity.


(phreak) #221

Was this demerger and all the hype just a route for the promoters and their coterie to dump their shares in the open market? If the business is so good then why is the Disclosure section only reading of Disposals over the past several weeks? It looks like the dumping is being distributed across quarters as well, going by how much of the disposals have happened since 1st of Jan after a lull in December. I can see that the retail holding is going up as well which is another sign of distribution.


(Akhil) #222

They clearly want the funds to reduce OSCL’s debt. BTW Omkar Herelekar isn’t selling a single share. He is rather looking forward to increasing his holding through the rights issue.


(Raminder) #223

Well, issue of warrants to the promoter is a better option as it could have increased promoters holding without equity dilution. Moreover, a little leverage is always good for the entity as the company as per the quarterly results has the capacity to service the debt. Noting that Omkar has told in the last concall that the company has no plan for further expansion in the next two years right issue at this time looks like another confusing financial move.