Promoters buy out US Fund’s stake in marketing services firm R K SWAMY
31-Dec-2024 06:44 PM 7496
New Delhi, Dec 31 (Reporter) Consolidating their holding in the company, promoters of R K SWAMY Ltd have bought 3.56% of shares held by a US Fund in the integrated marketing services group. "With this buy out, the Promoter and Promoter Group hold 69.6% of the equity paid up capital of R K SWAMY Limited," the company said in a media release on Tuesday. Evanston Pioneer Fund LP, a US entity, had invested in R K SWAMY Ltd in 2018-19. As per the official release, Srinivasan K Swamy and Narasimhan K Swamy concluded the transaction on December 27, 2024 at the market price of Rs 249.64 per share. Established in 1973, R K SWAMY Ltd is a leading integrated marketing services provider in India. The company offers a single-window solution for creative, media, data analytics and market research services...////...
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