Mumbai: Integrated Marketing Services Group, R K SWAMY Limited, listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), has further consolidated its holding in the company. The promoters, Srinivasan K Swamy and Narasimhan K Swamy, have acquired 3.56% of the shares previously held by Evanston Pioneer Fund L.P., a US-based entity that had invested in the group in 2018-19.
The buyout was completed on December 27, 2024, at a market price of Rs 249.64 per share.
With this transaction, the Promoter and Promoter Group now hold a dominant 69.6% stake in R K SWAMY Limited, further solidifying their control over the company.
The company, which went public in March 2024, continues to expand its footprint in the competitive landscape of integrated marketing solutions.
Founded in 1973, R K SWAMY Limited is a leading player in India’s marketing services industry, providing a comprehensive range of services including creative, media, data analytics, and market research.
This move highlights the promoters’ confidence in the company’s future growth and their commitment to driving R K SWAMY Limited’s continued success in the industry.
