Laxmi Dental Limited Acquires Stake in IDBG AI Dent Global Private Limited

Strategic Insights -

Laxmi Dental Limited has announced its acquisition of a stake in IDBG AI Dent Global Private Limited, a leading player in the field of artificial intelligence in dentistry. The Board of Directors of Laxmi Dental Limited approved the acquisition at a meeting held on July 28, 2025. The acquisition involves an investment of up to ₹2,05,00,000, representing a total investment of 58% in AI Dent, comprising of 49% equity share capital and 9% Compulsorily Convertible Preference Shares (CCPS). The acquisition is expected to strengthen Laxmi Dental Limited's presence in the market and enhance its capabilities in the field of artificial intelligence.

Key Takeaways:

  • Laxmi Dental Limited has acquired a stake in IDBG AI Dent Global Private Limited through an investment of up to ₹2,05,00,000.
  • The acquisition involves the purchase of 11,175 equity shares of ₹10 each at a premium of ₹1,217.5 per share and the subscription to 5,123 Compulsorily Convertible Preference Shares (CCPS) without voting rights.
  • Post-completion of the transaction, the company shall hold approximately 49% of the equity share capital and 9% of the CCPS in AI Dent, aggregating to a 58% including the equity share capital and CCPS.
  • The Nomination and Remuneration Committee of Laxmi Dental Limited has been reconstituted with three new members, including Mr. Rajesh Shashikant Dalal as Chairperson.
  • The company has disclosed the details of the acquisition as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The meeting of the Board of Directors commenced at 5:00 P.M. IS and concluded at 6:00 P.M. IS.

Statistics:

  • Total investment in AI Dent: up to ₹2,05,00,000.
  • Number of equity shares purchased: 11,175.
  • Number of Compulsorily Convertible Preference Shares (CCPS) subscribed: 5,123.
  • Equity share capital held by Laxmi Dental Limited in AI Dent: approximately 49%.
  • CCPS held by Laxmi Dental Limited in AI Dent: 9%.

Sources:

  • National Stock Exchange of India (NSE) - Corporate Announcement - Laxmi Dental Limited.
  • Securities and Exchange Board of India (SEBI) - SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024.