Quick Heal Promoter Offloads Shares Worth Rs 284 Crore
Promoter Kailash Sahebrao Katkar sold 10.95% stake in the company for Rs 489 apiece to another promoer Anupama Kailash Katkar.
Anti-virus software maker Quick Heal Technologies Pvt. promoter Kailash Sahebrao Katkar sold shares worth Rs 284 crore to Anupama Kailash Katkar on Tuesday.
Kailash Sahebrao Katkar sold 58.17 lakh shares, representing 10.95% stake at Rs 489 apiece, according to block deal data on the BSE.
Anupama Kailash Katkar, who is also the promoter of the company—which is backed by Sequoia Capital—held 7.11% stake in the technology company, as of March 2024. Kailash Sahebraon Katkar on the other handheld 29.13% stake in the company.
The global cybersecurity firm has reported a consolidated net profit of Rs 14.04 crore in the March 2024 quarter. Its revenue from contracts with customers rose 62.39% to Rs 80.03 crore against Rs 49.28 crore in Q4 FY23.
The shares of Quick Heal Technologies closed 10.73% higher at Rs 524.90 per share. This compares to a 0.39% advance in the NSE Nifty 50 Index.
