The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
MASTEK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hi5 Youth Foundation (a Section 8 company in which promoter Sundar Radhakrishnan holds 60%) received 5,00,000 equity shares (1.62%) of Mastek as a gift/donation without any consideration from Mr. Sundar Radhakrishnan on September 19, 2025. Post the transfer, Hi5 Youth Foundation has been included in the Mastek promoter and promoter group. Mr. Sundar Radhakrishnan's personal holding fell from 4.22% to 2.60%. Total promoter group shareholding remains unchanged at 35.79%. The transaction qualifies as an inter-se transfer under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations, exempting it from open-offer requirements.
Effectively neutral for shareholders — this is an internal reshuffle within the promoter family where the aggregate promoter stake and voting control stay the same. No new shares were issued and no cash changed hands, so there is no dilution or valuation impact for retail investors.