Sandon Capital Boosts Stake in IDT Australia

IDT Australia Limited (AU:IDT) has released an update.

IDT Australia Ltd has experienced a significant change in shareholding, with Sandon Capital Pty Ltd increasing its voting power from 16.6% to 18.0%. The shift occurred through on-market purchases and participation in an entitlement offer, with Sandon Capital Pty Ltd now holding a total of 77,326,834 ordinary shares. These recent transactions underscore an active interest and potential influence by Sandon Capital in IDT Australia’s business direction.

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