StockWatch
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Computers - Software & Consulting
Shareholding31 Aug 2026, 04:18 pm

Sambasiva Rao Madala Acquires 20.88% Stake in Covance Softsol via Gift

AI Summary

Mr. Sambasiva Rao Madala, a member of the Promoter Group of Covance Softsol Ltd, has acquired 46,24,704 equity shares, representing 20.88% of the company's paid-up share capital, through a gift from his immediate relative. This transaction, effective August 28, 2026, increases Mr. Madala's total shareholding to 48,02,304 equity shares, constituting 21.69% of the company's paid-up share capital. The disclosure was made on August 31, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Key Highlights

  • Promoter Group member acquired 20.88% stake via gift.
  • Total shareholding increased to 21.69%.
  • Transaction complies with SEBI Takeover Regulations.
  • Disclosure filed on August 31, 2026.