Afcom Holdings: Promoter acquires 3.61% stake for ₹82.7 Cr

Manjula Annamalai, a promoter of Afcom Holdings Limited, proposes to acquire 10,43,766 equity shares, representing 3.61% of the company's capital, from another promoter, Wg. Cdr. Jaganmohan Manthena (Retd.). The transaction will be an inter-se off-market transfer at a price of ₹800 per share, totaling ₹83.50 Crore (approximately). The acquisition price is 25% lower than the 60-day volume-weighted average market price of ₹1450.07. This move will increase Manjula Annamalai's shareholding to 18.45% from 14.84%.