The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
MASTEK · price
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Awaiting price reaction for this filing.
Hi5 Youth Foundation, where promoter Mr. Sundar Radhakrishnan holds 60% and will be disclosed as part of the promoter group, is set to acquire 5,00,000 equity shares (1.62% of share capital) of Mastek Limited from Mr. Sundar Radhakrishnan on or after September 19, 2025. The transfer is by way of gift/donation without any consideration and qualifies as an inter-se transfer under Regulation 10(1)(a)(iii), so no open offer is triggered. After the transfer, Mr. Sundar Radhakrishnan's individual holding drops from 4.22% to 2.60%, while the total promoter and promoter group holding remains unchanged at 35.79% (1,10,86,197 shares). The 60-day volume weighted average price on NSE was Rs. 2,507.11, though pricing is not relevant since this is a gift.
This is a reshuffling within the promoter group with no change in total promoter holding and no cash outflow, so there is no fundamental impact on the stock. Shareholders should note that the shares move into a controlled foundation entity, but overall promoter control remains intact.