Hi5 Youth Foundation has acquired 5,00,000 equity shares, representing 1.62% of Mastek Limited, through a gift from Mr. Sundar Radhakrishnan on September 19, 2025. The transaction was executed without any monetary consideration. This acquisition increases Hi5 Youth Foundation’s stake in Mastek and has been disclosed as per SEBI regulations. Prior disclosure was made on September 12, 2025.
Acquisition Details
Hi5 Youth Foundation has acquired 5,00,000 equity shares of Mastek Limited on September 19, 2025. This acquisition represents 1.62% of Mastek Limited’s equity.
Transaction Nature
The shares were acquired as a gift or donation from Mr. Sundar Radhakrishnan, one of the promoters of Mastek Limited. There was no monetary consideration involved in this transaction. The shares were transferred without any cost.
Shareholding Changes
Before the transaction, Hi5 Youth Foundation held no shares in Mastek. Post-acquisition, they now hold 5,00,000 shares, representing 1.62% of the total share capital. Mr. Sundar Radhakrishnan’s holding decreased from 4.22% (13,05,800 shares) to 2.60% (8,05,800 shares).
Disclosure Compliance
The acquisition was disclosed under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior disclosure of the intended transfer was made on September 12, 2025.
Source: BSE
