Hi5 Youth Foundation will acquire 1.62% of Mastek Limited’s equity shares, representing 500,000 shares, via a gift from Mr. Sundar Radhakrishnan, a promoter of Mastek. This transaction is expected to occur on or after September 19, 2025. Hi5 Youth Foundation will be identified as part of the ‘Promoter and Promoter group’.
Acquisition Details
Hi5 Youth Foundation is set to acquire 500,000 equity shares of Mastek Limited, constituting 1.62% of the company’s total equity. The transfer will be executed as a gift from Mr. Sundar Radhakrishnan without any monetary consideration. The proposed date for this transaction is on or after September 19, 2025.
Parties Involved
The acquirer, Hi5 Youth Foundation, will be classified as part of Mastek’s ‘Promoter and Promoter Group’ post-transaction. This acquisition does not involve any monetary exchange as the shares are being transferred as a gift.
Compliance and Declarations
Both Hi5 Youth Foundation and Mr. Sundar Radhakrishnan have confirmed their compliance with applicable regulations. All necessary disclosures under Chapter V of the Takeover Regulations, 2011, will be met.
Promoter Group Shareholding
Following the acquisition, the total shareholding of the Promoter and Promoter Group will remain at 35.79%. Mr. Sundar Radhakrishnan’s individual holding decreases from 4.22% to 2.60%, while Hi5 Youth Foundation will now hold 1.62%. Other key promoters include Ashank Desai, holding 10.96%, and Girija Ram, holding 5.66%. Data reflects shareholding as of April 7, 2025.
Source: BSE
