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Ashok Soota sells 1.11% stakes in Happiest Minds to fund SKAN
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Ashok Soota, promoter and executive chairman of Happiest Minds Technologies Limited, sold about 16.93 lakh equity shares of the company, (1.11% of his holding) on Thursday, the company said in a statement.
This statement came after the company's share prices dipped over 4%, at the BSE to Rs 872, during the day following the sale. Soota's holding in the company which was 51.24% now stands at 50.13%.
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Soota plans to maintain his shareholding in Happiest Minds to not less than 40%, said the statement.
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