Hi5 Youth Foundation has increased its stake in Mastek Limited by acquiring 500,000 equity shares (1.62%) through a gift from Mr. Sundar Radhakrishnan, a promoter of Mastek. This acquisition, completed on September 19, 2025, brings Hi5 Youth Foundation’s total holding to 1.62%. The overall promoter shareholding remains consistent at 35.79% even after this transaction.
Increased Shareholding
Hi5 Youth Foundation has acquired 500,000 equity shares, representing 1.62% of Mastek Limited’s total equity, through a gift/donation. The transaction occurred on September 19, 2025. The shares were received from Mr. Sundar Radhakrishnan, a promoter of Mastek Limited, without any consideration.
Details of the Acquisition
Before this acquisition, Hi5 Youth Foundation held no shares in Mastek. Post-acquisition, their holding stands at 500,000 shares, equivalent to 1.62% of the company’s equity. Mr. Radhakrishnan owns 60% of Hi5 Youth Foundation’s share capital.
Promoter Group Shareholding
While Hi5 Youth Foundation’s stake has increased, the total promoter shareholding in Mastek remains at 35.79%. Key promoters include Ashank Desai (10.96%), Girija Ram (5.66%) and Ketan Mehta (7.15%). Following the acquisition, Mr. Sundar Radhakrishnan’s direct holding decreased, with Hi5 Youth Foundation now holding 1.62%.
Note on Disclosure
Although the acquisition doesn’t trigger a mandatory disclosure, Hi5 Youth Foundation has chosen to disclose this information as a matter of caution. The total promoter shareholding remains unchanged.
Source: BSE
