Mathew Cyriac and associated entities (Florintree Insurtech LLP and Elimath Advisors Pvt Ltd) have adjusted their shareholding in Reliance Infrastructure. Mathew Cyriac sold 3.72% of shares, while Florintree Insurtech LLP sold 0.46%. Conversely, Elimath Advisors Pvt Ltd acquired 1.71%. The combined holding of Mathew Cyriac, Elimath Advisors Pvt Ltd, and Florintree Insurtech LLP is now 3.16%.
Shareholding Disclosure
This announcement details changes in the shareholding of Reliance Infrastructure by Mr. Mathew Cyriac and entities acting in concert (PAC). These transactions involve the sale and acquisition of equity shares, impacting the overall ownership structure.
Details of Share Transactions
The following transactions have occurred:
- Mathew Cyriac sold 1,52,07,154 shares, representing 3.72% of the total share capital.
- Elimath Advisors Pvt Ltd (PAC) acquired 69,88,596 shares, equivalent to 1.71% of the total share capital.
- Florintree Insurtech LLP sold 18,97,347 shares, amounting to 0.46% of the total share capital.
Pre and Post Acquisition Shareholding
Before these transactions, the total shares carrying voting rights held by the acquirer group were 2,30,35,060 shares, representing 5.64% of the total share/voting capital.
Following these transactions, the total shares carrying voting rights held by the acquirer group are 1,29,19,155 shares, which is 3.16% of the total share/voting capital.
Overall Impact
Mr. Mathew Cyriac’s individual shareholding change exceeds 2%, triggering this disclosure. The collective shareholding of Mr. Mathew Cyriac, Elimath Advisors Pvt Ltd, and Florintree Insurtech LLP now stands at 3.16% of Reliance Infrastructure.
Source: BSE
