The Hindu Business Line : Citigroup Global picks 5 pc stake in SSI

THE Chennai-based SSI Ltd has informed the NSE that Citigroup Global Markets (M) Pvt Ltd has a 5.094 per cent stake in the company as on October 15. The stake is believed to have been acquired through open market transactions.

According to information filed by the company with the exchange, the promoters' holding as on June 30, 2003 stood at 27.81 per cent, the same as on March 31, 2003. However, UTI's stake fell to 3.23 per cent from 4.18 per cent, while FII holding (Oppenheimer Funds Inc and Virginia Retirement System) went up to 6.19 per cent from 5.18 per cent as on March 31, 2003.

The stake of private corporate bodies fell to 1.66 per cent (Eastern Resin Allied Products Ltd) from 3.53 per cent (Eastern Resin Allied Products Ltd and Utkal Investments Ltd, which held 1.87 per cent) earlier. The public shareholding fell to 38.18 per cent from 42.48 per cent.

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