ALPHA TRIBE

Shradha AI Technologies LtdInsider Trade, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Shradha AI Technologies Limited's promoter group has consolidated its shareholding following a merger between two of its promoter entities, Zenith Commotrade Private Limited and Femina Infrastructures Private Limited. A recent court-approved scheme transferred Zenith Commotrade's 2,892,315 shares in Shradha AI Technologies to Femina Infrastructures. This increased Femina Infrastructures' holding from 5,012,890 shares to 7,905,205 shares, now representing 12.97% of the company. Importantly, the overall promoter group stake in the company remains unchanged at 74.66%. This internal restructuring aims to streamline operations and reduce administrative costs, without altering the total promoter ownership.

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