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Matrix Labs promoter fully divests holding

Our Bureau

Hyderabad , Sept. 3

MR M. Ravinder, one of the promoters of Matrix Laboratories Ltd (MLL) and currently its Executive Vice-President (General Finance & Business Support Services), has sold 58,501 equity shares of the company, constituting 0.40 per cent of the voting rights.

He has sold these shares in tranches on August 27, August 30, September 1 and September 2.

The mode of sale was through the open market.

With this, his equity holding in Matrix comes to nil, the company informed the stock exchanges on Friday.

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