Lake Shore Realty Limited (formerly Mahaan Foods Limited) has announced a board meeting to consider the financial results for the quarter and half-year.

Separately, an open offer has been made by Acquirers AL Maha Investment Fund PCC - ONYX Strategy and Indigo Infracon Private Limited to acquire up to 26% of the company’s equity from public shareholders at ₹57.51 per share in cash.

This follows a share purchase agreement to acquire 54.84% of the company’s equity from existing promoters for ₹311.04 Cr, resulting in a change of control.

Post-acquisition, the Acquirers will collectively hold over 80% of the equity and intend to retain the company’s listing status.