Glodyne Technoserve Ltd, an emerging technology services firm, today said its promoters have increased their holding in the company by acquiring 4.33 lakh equity shares from the open market.
The stake hike was in accordance with the Securities and Exchange Board of India regulations, which enable promoters to enhance their holding under creeping acquisition provision, a company statement said here.
With the additional share acquisition, the promoter holding in the company increased to 60.70 per cent from 58.89 per cent earlier.
"We believe in value creation for all our associates and are determined to make Glodyne as one of the best technology companies in India," Glodyne Chairman and Managing Director Annand Sarnaaik said.