HCKK Ventures Promoter Boosts Stake to 66.70% via Open Market Purchase
Harish Veerappa Kanchan, a key promoter of HCKK Ventures Limited, has increased his stake in the company from 64.17% to 66.70% through an open market purchase of 94,000 shares. This 2.53% increase gives Kanchan control over two-thirds of the voting rights, potentially influencing the company's decision-making processes. The company's total equity share capital remains at INR 3.71 crore, consisting of 37.10 lakh shares with a face value of INR 10.00 each.
*this image is generated using AI for illustrative purposes only.
HCKK Ventures Limited , a company listed on the BSE, has reported a significant change in its promoter shareholding. Harish Veerappa Kanchan, a key promoter of the company, has increased his stake through an open market purchase, signaling confidence in the firm's prospects.
Stake Increase Details
Harish Veerappa Kanchan acquired 94,000 shares of HCKK Ventures through the open market. This strategic move has resulted in a notable increase in his shareholding:
| Stake | Percentage |
|---|---|
| Previous stake | 64.17% |
| New stake | 66.70% |
| Increase | 2.53% |
Impact on Shareholding Structure
The acquisition represents a substantial change in the company's ownership structure, with Mr. Kanchan now controlling over two-thirds of the voting rights. This move could potentially influence the company's decision-making processes and strategic direction.
Company Capital Structure
HCKK Ventures Limited's equity share capital remains unchanged following this transaction:
| Capital Structure | Details |
|---|---|
| Total equity share capital | INR 3.71 crore |
| Number of equity shares | 37.10 lakh |
| Face value per share | INR 10.00 |
Market Implications
The increased promoter stake often signals confidence in a company's future prospects. Investors and market analysts may view this development as a positive indicator for HCKK Ventures Limited. However, it's important to note that this change in shareholding does not directly affect the company's operations or financial performance.
Shareholders and potential investors are advised to monitor any further announcements from the company regarding its business operations and financial results to make informed investment decisions.
Historical Stock Returns for HCKK Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.11% | +6.40% | -37.39% | -77.55% | -65.13% | -17.81% |
17
