Now coming to the latest story, South Indian star Allu Arjun and his father Aravind Babu Allu bought a whooping 10 lakhs shares of Moschip Semiconductors @Rs. 49.05 through their Limited Liability Partnership firm Allure Infra Llp. Moschip Semiconductor is a stock which we detailed in the stock study session pointing out its huge potential for growth for the next 10 years. You can read the whole story here.
In March there were few more positive developments happened in the company. Damodar Rao Gummadapu took over the charge of CEO and Camillo Martino was appointed as an Independent director. Also company has got the approval from its board to raise a capital of Rs. 1000 crore which is much higher than its current market cap. This clearly shows that the company has huge expansion or acquisition plans in near future.
Profile – Damodar Rao Gummadapu: (From BSE Update)
He is a proven leader, entrepreneur and instrumental for Techwave’s rapid growth. He has tremendous experience and vision for role of technology solutions for business growth, optimization and expansion. In his leadership, Techwave has not only grew in size but also expanded globally in to Europe, Middle East and APAC regions. is the driving force behind Techwave’s journey to Present position. His foresight has been instrumental in the company’s exponential growth by venturing into global markets and diversifying into varied service domains.
Profile – Camillo Martino: (From BSE Update)
Currently, Martino is currently active in the high-tech industry by advising companies and serving on company Boards. Most recently, Martino was the Chief Executive Officer (CEO) and Director of Silicon Image Inc. until it was acquired by Lattice Semiconductor Corporation in 2015. During his more than five year tenure, Silicon Image transformed from multi-year revenue declines to become a profitable and with high gross margin.
Prior to Silicon Image, Martino was a Board Member in SAI Technology, Inc., a privately held company. Prior to SAI, Martino was the CEO and Board Member of Cornice Inc., a privately held company. Martino also held the position of COO at Zoran Corporation. Martino also served at National Semiconductor in four different countries during a nearly 14 years. This included positions at its headquarters in Silicon Valley, Japan, China and Australia.