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Macquarie Telecom’s Major Shareholder Sells Shares

Macquarie Telecom’s Major Shareholder Sells Shares

Macquarie Telecom Group Limited (AU:MAQ) has released an update.

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Macquarie Telecom Group Limited (ASX: MAQ) has announced that its largest shareholder, Claiward Pty Ltd, has sold 1.4% of its stake in the company at $80 per share. Despite this sale, Claiward Pty Ltd maintains a significant holding, retaining over 40% of the company’s shares, with no current plans to further reduce its shareholding.

For further insights into AU:MAQ stock, check out TipRanks’ Stock Analysis page.

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