R K Swamy Ltd
Promoters of R K SWAMY Limited Buy Out US Fund’s Stake
Dec 30 2024 | 7 months agoPromoters of R K SWAMY Limited, India’s only Integrated Marketing Services Group listed on the main board of BSE & NSE, have consolidated their holding in the Company. They have bought 3.56% of shares held by Evanston Pioneer Fund L.P., a US entity that had invested in the Group in 2018-19. Srinivasan K Swamy and Narasimhan K Swamy concluded the transaction on December 27, 2024 at the market price of Rs 249.64 per share. With this buy out, the Promoter and Promoter group hold 69.6% of the equity paid up capital of R K SWAMY Limited.
- Promoters of R K SWAMY Limited buy out 3.56% stake from US Fund Evanston Pioneer Fund L.P.
- Transaction concluded on December 27, 2024 at the market price of Rs 249.64 per share.
- Promoters now hold 69.6% of the equity paid up capital of R K SWAMY Limited.
- US Fund had invested in the Group in 2018-19.
- R K SWAMY Limited is India’s only Integrated Marketing Services Group listed on the main board of BSE & NSE.