Promoters buy out US Fund's stake in R K SWAMY Limited

Promoters 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.

Shares of R K Swamy Limited was last trading in BSE at Rs. 268.95 as compared to the previous close of Rs. 252.45. The total number of shares traded during the day was 16516 in over 763 trades.

The stock hit an intraday high of Rs. 271.20 and intraday low of 256.40. The net turnover during the day was Rs. 4390113.00.

Source : Equity Bulls

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