Ramesh Damani to meet MSTC management on Dec 9; shares rise 6%.

Shares of state-run MSTC rose by 6% to Rs 771.30 on Thursday after the company announced a one-on-one meeting with investor Ramesh Damani scheduled for Monday, December 9. MSTC, where the government holds a 64.75% stake, provides e-commerce services across various sectors.

In its filing to the stock exchanges, MSTC confirmed the meeting with Damani at 11:00 AM on December 9, 2024, and another with Modifi Investment Services on December 16, 2024, at 4:00 PM, both at the company’s registered office. The company noted that the meeting schedules are subject to change based on any unforeseen circumstances.

Ramesh Damani, with a stock portfolio valued at Rs 163.6 crore, holds over 1% equity in several companies, including Protean eGov Technologies, Goldiam International, Panama Petrochem, and Vadivarhe Speciality Chemicals.