RK Swamy promoters buy out US Fund’s stake in company

New Delhi: Promoters of RK Swamy have consolidated their holding in the company. 

They have bought 3.56% of shares held by Evanston Pioneer Fund LP, a US entity that had invested in the Group in 2018-19. 

Srinivasan K Swamy and Narasimhan K Swamy concluded the transaction on December 27, 2024, at the market price of Rs 249.64 per share. 

With this buyout, the Promoter and Promoter Group hold 69.6% of the equity paidup capital of RK Swamy Limited.