NewsStocksTake Solutions Pte Limited Offloads 19% Stake to Asia Global Trading in Strategic MoveTake Solutions Pte Limited Offloads 19% Stake to Asia Global Trading in Strategic Move
By ScanX News Team
Take Solutions Pte Limited sold a 19% stake (2,81,07,460 shares) in Take Solutions to Asia Global Trading (Chennai) Private Limited on July 22. The off-market transaction reshuffles ownership within the promoter group, maintaining the total promoter holding at 52.99%. Take Solutions Pte Limited's stake reduced from 52.90% to 33.90%, while Asia Global Trading's stake increased from 0% to 19%. The required disclosures have been filed under SEBI regulations.
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Take Solutions , a prominent player in the Indian stock market, has witnessed a significant change in its shareholding structure. In a strategic move within the promoter group, Take Solutions Pte Limited has sold a substantial portion of its stake to Asia Global Trading (Chennai) Private Limited.
Key Transaction Details
- Stake Sale: Take Solutions Pte Limited sold 2,81,07,460 equity shares, representing a 19% stake in Take Solutions.
- Transaction Date: The off-market transaction took place on July 22.
- Buyer: Asia Global Trading (Chennai) Private Limited, an entity within the promoter group.
- Share Capital: Take Solutions has a total equity share capital of 14,79,34,000 shares, each with a face value of Re. 1.
Shareholding Impact
The transaction has resulted in a significant reshuffling of ownership within the promoter group:
| Shareholder | Before Transaction | After Transaction | Change |
|---|---|---|---|
| Take Solutions Pte Limited | 52.90% | 33.90% | -19.00% |
| Asia Global Trading (Chennai) Private Limited | 0.00% | 19.00% | +19.00% |
| Srinivasan H R | 0.09% | 0.09% | No change |
| Total Promoter Group | 52.99% | 52.99% | No change |
Market Implications
This internal transfer of shares within the promoter group maintains the overall promoter holding at 52.99%. However, it represents a significant redistribution of control within the promoter entities. The move could potentially impact the company's strategic direction and decision-making processes.
Regulatory Compliance
Both the seller and the acquirer have duly filed the required disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This ensures transparency and compliance with regulatory requirements for such significant shareholding changes.
Company Profile
Take Solutions is a publicly traded company with its shares listed on both the BSE Limited and the National Stock Exchange of India Limited. The company operates in the technology sector, providing services and solutions to various industries.
Investors and market watchers will be keenly observing any potential changes in the company's operations or strategy following this significant internal shareholding restructuring.
Historical Stock Returns for Take Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.02% | -9.86% | +2.98% | -22.17% | -51.04% | -77.65% |
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