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Our Bureau

Hyderabad , Sept. 22

INDIA Newbridge Investments Ltd, along with persons acting in concert, has on Monday acquired further holding of 14.22 per cent in Matrix Laboratories Ltd (MLL), the Hyderabad-based pharmaceutical major, through open offer route, taking its total holding to 26.76 per cent.

DSP Merrill Lynch informed the stock exchanges on Wednesday that India Newbridge Investments Ltd, India Newbridge Co Investment Ltd and India Newbridge Partners FDI Ltd have acquired 20,68,122 shares amounting to 14.22 per cent of the total paid up capital of Matrix Labs. The date of acquisition was September 20 and the mode of acquisition is through open offer.

The shareholding of acquirer and persons acting in concert after the said acquisition stood at 38,93,122 shares amounting to 26.76 per cent of the total paid up capital of Matrix Labs.

More Stories on : Open Offers | Foreign Institutional Investors | Pharmaceuticals

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