Corporate News

Rossell Techsys Promoter Group Welcomes Kotak Mutual Fund as a Shareholder

The Promoter Group of Rossell Techsys Limited (NSE/BSE: ROSSTECH) welcomes Kotak Mutual Fund, one of India’s leading institutional investors, as a shareholder in the Company through the acquisition of a portion of the promoter shareholding. This transaction reflects growing institutional interest in Rossell Techsys and its position as a trusted engineering and manufacturing partner to leading global customers in the aerospace, defence, semiconductor, and space sectors. Over the years, the Company has built a strong track record through its engineering capabilities, operational excellence, customer relationships, and consistent execution.

Commenting on the development, the Promoter Group said: “We are delighted to welcome Kotak Mutual Fund as a shareholder in Rossell Techsys. Their investment represents an important step in the Company’s journey and further strengthens the quality and diversity of its shareholder base.”

“Rossell Techsys has established a strong foundation through its focus on engineering excellence, customer trust, innovation, and high standards of corporate governance. The participation of a respected long-term institutional investor such as Kotak Mutual Fund reflects the growing recognition of the Company’s capabilities, market position, and future prospects.”

“We believe this transaction is a positive step for all stakeholders and reinforces confidence in Rossell Techsys’ long-term vision. As the Company continues to expand its global footprint and scale its operations, we remain committed to supporting sustainable growth and long-term value creation.”

Rishab Gupta, Promoter and Managing Director, Rossell Techsys, added: “We view this transaction as an important step in broadening the institutional ownership of Rossell Techsys. As we prepare for our proposed Qualified Institutions Placement (QIP), we look forward to engaging with additional high-quality institutional investors who share our long-term vision for the Company. A stronger institutional shareholder base enhances market credibility and supports sustained value creation for all stakeholders.”

With increasing participation from institutional investors and continued focus on operational excellence, technological capability, and customer-centric growth, Rossell Techsys remains well positioned to capitalize on opportunities across its target markets and drive long-term shareholder value.

admin

About Author

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

Corporate News

Vizhinjam International Seaport : India’s 1st automated deep-sea port set to transform maritime trade

The idea and efforts of establishing a deep-sea port at Vizhinjam dates back to 1991. Over the years, multiple attempts
Corporate News

Gold and silver prices continue to rise, yellow metal nears Rs 96,000 per 10 grams

New Delhi, May 27 (IANS) The gold and silver prices continued to rise on Monday amid geopolitical uncertainties. The 24-carat