Introduction:
Prominent IT company has announced a Board of Directors meeting on December 20, 2024, to discuss the sub-division of equity shares. The proposal aims to enhance liquidity, expand the shareholder base, and necessitates changes to the company’s Memorandum of Association.
Share price movement of Ksolves India:
On December 12, 2024, Ksolves India Ltd opened at ₹990.00, up 2.13% from its previous close of ₹969.30. The stock reached a high of ₹1,072.15 (10.62%) and a low of ₹989.20. By 4:00 PM, it traded at ₹1,017.00, a 4.92% increase, with a market cap of ₹1,205.76 crore.
Ksolves India to Hold Board Meeting for Share Capital Alteration:
Ksolves India Limited has announced a Board of Directors meeting on Friday, December 20, 2024, to discuss the alteration of the company’s share capital. The board will consider the sub-division or split of equity shares with a face value of Rs. 10 each.
The proposal includes the sub-division of fully paid-up equity shares, subject to the Board’s approval. This move is expected to enhance liquidity and broaden the company’s shareholder base. The decision will also require a change to the company’s Memorandum of Association.
The company has closed its trading window for designated persons, key managerial personnel, employees, and their immediate relatives. The window will remain closed until December 23, 2024, to prevent any potential misuse of insider information.
Ace investor holding in Ksolves India:
Sachin Balkrishna Ramdasi
Sachin Balkrishna Ramdasi holds a 5.28% stake in Ksolves India Ltd, owning 625,700 shares valued at ₹63.4 crore. His significant shareholding reflects confidence in the company’s growth and financial prospects.
Stock performance of Ksolves India for Period of 1 week, 6 months and 1 year:
Ksolves India Ltd has seen a decline in its stock performance with a 1-week return of -1.20%, a 6-month return of -16.4%, and a 1-year return of -11.1%, reflecting challenges in the company’s recent market performance.
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Shareholding pattern of Ksolves India:
All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
Promoter | 58.90% | 58.90% | 58.90% |
FII | 0.90% | 1.60% | 1.90% |
DII | 0.10% | 0.10% | 0.10% |
Public | 40.10% | 39.40% | 39.10% |
About Ksolves India:
Ksolves India Ltd (NSE: KSOLVES), founded in 2014, provides software development, enterprise solutions, and IT consulting across industries like Real Estate, E-commerce, Finance, Telecom, and Healthcare. With 410+ experts, Ksolves specializes in Big Data, AI, and Salesforce solutions.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.