Superloop Ltd. (AU:SLC) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Aussie Broadband Limited (ABB) has scaled back its stake in Superloop Limited (SLC) from 19.9% to 11.99%, following a dilution event and the sale of shares worth $49.28 million. The change in ABB’s position marks a significant decrease in its voting power in the telecommunications infrastructure company. No changes in association with the substantial holder were reported.
For further insights into AU:SLC stock, check out TipRanks’ Stock Analysis page.