Covance Softsol Ltd: Sambasiva Rao Madala Acquires 20.88% via Gift

Covance Softsol Ltd has filed a disclosure regarding a proposed acquisition by Sambasiva Rao Madala, a promoter. The acquisition involves 46,24,704 shares, representing 20.88% of the company's total share capital, and is being conducted as a gift. The transaction is expected to be completed around August 27, 2026. This acquisition is exempt from making an open offer under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, as it is a gift. Post-acquisition, Sambasiva Rao Madala's shareholding will increase significantly.