Ryder Capital Ltd. (AU:RYD) has released an update.
Ryder Capital Ltd. has significantly increased its stake in Lumos Diagnostics Holdings Limited, with its voting power soaring from 8.31% to 17.03% as a result of acquiring new shares through sub-underwriting the Retail Entitlement Offer. The investment firm’s relevant interest has changed on October 9, 2024, involving a considerable financial commitment of over $3 million. This strategic move highlights Ryder Capital’s growing influence within Lumos and marks a notable shift in the company’s share distribution.
For further insights into AU:RYD stock, check out TipRanks’ Stock Analysis page.