Vakrangee Softwares surges as promoter raises stake
The promoters have acquired shares aggregating to 4.53% of total equity through open market between May 13, and June 13.
Vakrangee Softwares has surged 5% to Rs 78.75 after the company said its promoters have increased their holdings in the company by nearly 5 percentage points during past one month through open market transactions.
“Vakrangee Holdings Private Limited and Vakrangee Capital Private Limited, promoters of Vakrangee Softwares have acquired shares aggregating to 4.53% of share capital of the company through open market during the period May 13, 2013 to June 13, 2013,” the company engaged in providing e-governance related services said in a statement.
Post the current acquisition, total promoters’ share holding in the company stands at 38.80%, it added.
Meanwhile, since past one year the promoters have increased their stake in the company by 8.96 per centage points from 29.84% at the end of June 2012 quarter. The stock has more than doubled from Rs 35 as on June 26, 2012
“Vakrangee Holdings Private Limited and Vakrangee Capital Private Limited, promoters of Vakrangee Softwares have acquired shares aggregating to 4.53% of share capital of the company through open market during the period May 13, 2013 to June 13, 2013,” the company engaged in providing e-governance related services said in a statement.
Post the current acquisition, total promoters’ share holding in the company stands at 38.80%, it added.
Meanwhile, since past one year the promoters have increased their stake in the company by 8.96 per centage points from 29.84% at the end of June 2012 quarter. The stock has more than doubled from Rs 35 as on June 26, 2012