Promoters buy out US fund's stake in RK Swamy Ltd

The promoters have bought 3.56% of shares held by Evanston Pioneer Fund LP, a US entity that had invested in the group in 2018-19.

By  Storyboard18Dec 31, 2024 8:34 AM
Promoters buy out US fund's stake in RK Swamy Ltd

Promoters of RK Swamy Ltd have consolidated their holding in the marketing services firm, buying out US fund's stake in RK Swamy Ltd. The promoters have bought 3.56% of shares held by Evanston Pioneer Fund LP, a US entity that had invested in the group in 2018-19. Srinivasan K Swamy and Narasimhan K Swamy concluded the transaction om December 27.

AcK Swamy's consolidated profit declined to Rs 51.79 lakh. Last year in the same period the company's profit was Rs 7.4 crore, in the second quarter (July and September) of fiscal year 2025.

The revenue from operations of the company reduced to Rs 65.61 crore lakh in Q2 FY 25 from Rs 79.7 crore in the corresponding quarter last fiscal.

The total expenses of the media company also reduced from Rs 65.13 crore to Rs 62 crore in Q2 FY 25.

On a standalone basis, RK Swamy's net profit declined by Rs 2.13 crore in the second quarter of FY 25 from Rs 5.55 crore.

The EBITDA of the company dwindled by 63.6 percent to Rs 2.75 crore in Q2 compared to Rs 7.57 crore.

First Published on Dec 31, 2024 8:34 AM

More from Storyboard18

Brand Marketing

Warner Bros. Discovery revives HBO Max name in strategic rebrand

Warner Bros. Discovery revives HBO Max name in strategic rebrand

Advertising

InspiRAYtion 25: A Jaguar’s last Song

InspiRAYtion 25: A Jaguar’s last Song

Advertising

The Belgian Court rules against 'Transparency & Consent Framework'; terms it as 'illegal'

The Belgian Court rules against 'Transparency & Consent Framework'; terms it as 'illegal'

Brand Marketing

Global Ads Spotlight: Check how Doritos made noise by killing the 'crunch'

Global Ads Spotlight: Check how Doritos made noise by killing the 'crunch'

Brand Marketing

India's 'Boycott Turkey' intensifies as traders reject marble, apples over Ankara's support to Pakistan

India's 'Boycott Turkey' intensifies as traders reject marble, apples over Ankara's support to Pakistan

Brand Marketing

Global agencies shake-up: Grey moves under Ogilvy as WPP reshapes creative holdings

Global agencies shake-up: Grey moves under Ogilvy as WPP reshapes creative holdings

Advertising

Amazon Prime introduces ad-supported plan, offers ad-free option for Rs 699 per year

Amazon Prime introduces ad-supported plan, offers ad-free option for Rs 699 per year

Brand Makers

From Pitch to Prime Time! Virat Kohli's iconic ads

From Pitch to Prime Time! Virat Kohli's iconic ads