Asia Global Trading Exits Take Solutions with 63.61 Lakh Share Off-Market Sale
Asia Global Trading (Chennai) Private Limited, a promoter group member, has sold its entire 4.30% stake (63,61,162 shares) in Take Solutions Limited through an off-market transaction. The sale reduces Asia Global Trading's shareholding from 4.30% to 0%. Other promoter group members, including Take Solutions Pte Limited (33.90%) and Srinivasan H R (0.09%), retain their stakes. The transaction was disclosed under SEBI regulations.

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Take Solutions Limited , a prominent player in the Indian technology sector, has witnessed a significant change in its shareholding structure. Asia Global Trading (Chennai) Private Limited, a member of the company's promoter group, has completely divested its stake in an off-market transaction.
Transaction Details
Asia Global Trading (Chennai) Private Limited sold 63,61,162 equity shares of Take Solutions Limited through an off-market transaction. This sale represents approximately 4.30% of Take Solutions' total equity share capital, which stands at 14,79,34,000 equity shares of Re. 1 each.
Impact on Shareholding
The transaction has resulted in a complete exit for Asia Global Trading from Take Solutions Limited. Their shareholding in the company has decreased from 4.30% to 0.00% following this disposal.
Promoter Group Holdings
While Asia Global Trading has exited, it's worth noting that other members of the promoter group continue to hold significant stakes in Take Solutions Limited. According to the disclosure:
Promoter Group Member | Shares Held | Stake Percentage |
---|---|---|
Take Solutions Pte Limited | 5,01,45,990 | 33.90% |
Srinivasan H R | 1,35,000 | 0.09% |
Regulatory Compliance
The sale was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Asia Global Trading (Chennai) Private Limited has duly informed the stock exchanges and the company's board of directors about this transaction.
Market Impact
Take Solutions Limited's shares are listed on both the BSE Limited and the National Stock Exchange of India Limited. While the immediate market reaction to this off-market transaction is not captured in the provided data, investors and market analysts will likely be watching closely for any potential impacts on the company's stock performance and future strategic directions.
This significant change in the promoter group's composition could potentially influence the company's governance and strategic decisions moving forward. Shareholders and potential investors may want to keep a close eye on any further developments or announcements from Take Solutions Limited in the wake of this transaction.
Historical Stock Returns for Take Solutions
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.96% | +1.08% | -6.21% | -15.22% | -50.92% | -80.48% |