Sale of Shares by the Promoters pursuant to Share Purchase Agreement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Megamont Limited has informed the stock exchanges that its existing promoter entity, Faze Three Limited, has entered into a Share Purchase Agreement to sell its entire shareholding in the company. The buyers are Ms. Mounica Maddukuri and Mrs. Minal Patil, who will become the new promoters of the company. This effectively results in a complete change of promoter hands, with Faze Three Limited exiting fully and two individuals taking over as the new promoters. The transaction has been disclosed under SEBI's LODR Regulations. The exact shareholding percentages being transferred are not specified in the filing.
This represents a complete change of control at the promoter level, which is a significant event for shareholders. Investors should monitor for further details on the new promoters' plans, their holding percentage, and any potential strategic direction changes for the company.