Through my very close sources - Raheja family is very focused on this company and they also are in talk with Karnataka government and in process to set up a plant there
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thank you these insights
@23_Investments : I see that promoters have decreased the shareholding of " Innovassynth Investments Ltd" to 31.46 in Sep’24 compare to 36.26 in Jun’24. This chunk moved to public shareholding… do you know why the promoters are selling?
I will try to investigate further on my side
Thank you in advance 
Nope after merger it will be 72% promoter - it’s a reverse merger process
thanks @Ankittivrekar … I’m newbie and I’m trying to read & understand the reverse merger process of this company… It will be great if you have some more details on how this promoter selling can be ignored in “Innovassynth Investments Ltd” considering that the “Innovassynth Technologies” will be merged into this holding company…
Thank you
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Hey, from what I gathered earlier, Chanakya corporate services, that you see in public shareholding were alotted shares in innovassynth investments in exchange for their shares in innovassynth technologies. Once the reverse merger happens as said above, the promoter holding will jump. The reason for this exchange was to increase the shareholding of IIL in ITIL which must be to help the reverse merger process. Perhaps somebody else can give a more clear answer than this but it is not an issue according to me
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@Ankittivrekar hi ankit …good analysis n tracking thread for innovassynth. I m long term investor in this counter, since the days of futura polyester ltd. Where Mr. Rakesh jhunjhunwala was invested, later on innovassynth investment demerged from futura n listed separately. Innovassynth investment hvng holding in innovassynth technologies frm vry beginning. And bcoz of this mr. RJ invested in futura.
So this is the past.
Future outlook looks quite good to me. Mr hardik joshipura, is all qualified n doing right things to scale this business into bigger entity.
R&D is grt, hiring is ongoing, new mmc clients were added, vry well reputed promoter backing. And most importantly reverse merger is under process.
Just hv PATIENCE in this counter. Its not a short term story .
Disclosure:-My initial buying cost is ₹ 5.65/- later on added at around 24 n 72
Do ur own due diligence, i reserve the right to be wrong 
Happy investing
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