Promoters of R K Swamy buy US investor’s stake in company

Integrated marketing services firm R K Swamy on Tuesday said its promoters have increased their stake in the company. They have acquired 3.56 per cent of the shares previously held by Evanston Pioneer Fund L.P., a US-based investor that joined the Group in 2018-19. Srinivasan K Swamy and Narasimhan K Swamy finalised the purchase on December 27, 2024, at a market price of ₹249.64 per share, according to a statement. With this acquisition, the promoter and promoter group now own 69.6 per cent of R K Swamy Ltd’s paid-up equity capital.