Judo Capital Holdings (ASX:JDO) said Insignia Financial (ASX:IFL) became a substantial shareholder of the firm on Nov. 17 with a 5.156% stake, according to a Thursday Australian bourse filing.
Insignia Financial and its related entities now own 57.8 million ordinary full-paid securities of the firm.
Shares of the company and Insignia Financial rose 1% in recent Thursday trade.