Capacite Infraprojects' promoters sell shares worth Rs70.56cr

The selling shareholders have informed that the purpose of the share sale was for meeting their social obligations and towards reducing the debt at personal level.

Jun 21, 2021 03:06 IST India Infoline News Service

Capacite Infraprojects Ltd has informed that the the Promoter and Promoter Group have sold 34,93,297 shares amounting to Rs70.56cr.

The selling shareholders have informed that the purpose of the share sale was for meeting their social obligations and towards reducing the debt at personal level.

The below mentioned are the details of sellinq by shareholders:
  • Rahul Ramnath Katval 10,00,000
  • Ashutosh Trade Links 1 1,89,153
  • Rohit Ramnath Katval 13,04,144
Further, "it may be noted that the buyer, Think lndia Opp Master Fund (Think lnvestment, USA) is a marquee US based long term investor", as mentioned in a filing.

On Monday, Capacite Infraprojects ended at Rs199.95 down by 0.74% on the BSE.

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