QVG Capital Becomes Major Shareholder in IPD Group

IPD Group Ltd (AU:IPG) has released an update.

QVG Capital Pty Ltd has emerged as a substantial holder in IPD Group Ltd, with a 5.42% voting power through the acquisition of 5,620,250 shares, for a total consideration of approximately $7.89 million. The financial move, which took place over a period from June to October 2024, involved both the acquisition and disposal of shares, with the latter transaction valued at around $1.83 million in cash.

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