BENGALURU: Ashok Soota, promoter and chairman of Happiest Minds, bought 16.9 lakh shares or about 1.1% of his holding within the IT firm. Through the share sale, Soota netted Rs148 crore decreasing his holding to 50.1%.
Soota stated, “This transaction was primarily done to fund the capital requirements of SKAN, the not-for-profit medical research firm floated by him and enhance the share capital of Happiest Health.”
This sale can also be according to his technique on ‘design for perpetuity’ that hinges on three pillars- possession, management, and enterprise technique. On possession, Soota plans to take care of his shareholding in Happiest Minds to not lower than 40%.
Soota stated, “This transaction was primarily done to fund the capital requirements of SKAN, the not-for-profit medical research firm floated by him and enhance the share capital of Happiest Health.”
This sale can also be according to his technique on ‘design for perpetuity’ that hinges on three pillars- possession, management, and enterprise technique. On possession, Soota plans to take care of his shareholding in Happiest Minds to not lower than 40%.
