New Delhi, Sept. 10 -- Samsung Electronics Chairman Lee Jae-yong plans to buy 7.19 million shares in the chipmaker from his mother, Hong Ra-hee, in a 1.94 trillion won (USD 1.45 billion) off-market transaction that will increase his direct stake in the company, according to a report by The Korea Herald.

According to a Samsung Electronics regulatory filing Wednesday, Lee is scheduled to acquire 7,188,793 common shares from Hong, honorary director of the Leeum Museum of Art, on October 12, The Korea Herald reported.

The planned price is 269,500 won (USD 201.42) per share, based on Samsung Electronics' September 8 closing price, putting the transaction value at about 1.937 trillion won (USD 1.45 billion). The disclosed price and volume rem...