Shareholding31 Aug 2026, 09:31 pm
Covance Softsol Promoter Gifts 20.88% Stake
AI Summary
Mrs. Durga V. L. K. Madala, a promoter of Covance Softsol Ltd, has gifted 46,24,704 equity shares, representing 20.88% of the company's paid-up share capital, to an immediate relative. This transaction, conducted via off-market gift on August 28, 2026, reduces her direct shareholding to 43.85% (97,11,408 shares). The disclosure was made to the BSE on August 31, 2026, in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoter gifted 20.88% stake via off-market transaction.
- Direct shareholding of promoter reduced to 43.85%.
- Transaction involves 46,24,704 equity shares.
- Disclosure made under SEBI Takeover Regulations.
- No change in overall promoter group control implied.
Price Impact
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