RK Swamy's promoters buy Evanson Pioneer Fund's shares in the company
Purchase 3.56% stake held by the US entity.
Share price of the agency has risen post the announcement.
The promoters of RK Swamy have consolidated their holding in the company. They have bought 3.56% shares held by US-based Evanston Pioneer Fund at a market price of INR 249.64 per share.
The transaction was concluded on 27 December 2024 by Srinivasan K Swamy and Narasimhan K Swamy.
Evanston Pioneer Fund has invested in the company in 2018-19.
With this buy out, the promoter and promoter group hold 69.6% of the equity paid up capital of R K Swamy.
The agency was listed on the stock exchanges in March 2024.
Following the news, the share price increased to INR 269 on 31 December.