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KPIT Technologies Limited ( (IN:KPITTECH) ) has issued an announcement.
KPIT Technologies Limited has applied to both BSE and NSE for the reclassification of two outgoing promoters, Ajay Shridhar Bhagwat and Ashwini Ajay Bhagwat (jointly with Ajay Shridhar Bhagwat), from the ‘Promoter’ category to the ‘Public’ category. The combined shareholding of these outgoing promoters amounts to 2,246,839 shares, representing 0.82% of the company’s total capital, and the move, following prior board approval and disclosures, signals a minor change in the promoter group structure with limited impact on overall ownership but formalizes their status as public shareholders in line with regulatory requirements.
More about KPIT Technologies Limited
KPIT Technologies Limited is an Indian technology company headquartered in Pune, operating in the IT services and engineering solutions space with a focus on software and digital technologies for global clients. The company is listed on both BSE and NSE and caters primarily to enterprise and industrial customers seeking specialized technology and innovation-driven solutions.
Average Trading Volume: 38,818
Technical Sentiment Signal: Sell
Current Market Cap: 285.8B INR
For a thorough assessment of KPITTECH stock, go to TipRanks’ Stock Analysis page.