Financial Daily from THE HINDU group of publications
Friday, Feb 18, 2005
Financial Daily from THE HINDU group of publications Friday, Feb 18, 2005 |
|
|
|
|
|
Markets
-
Foreign Institutional Investors Goldman, Merrill Lynch pick up 5.7 pc in Rajesh Exports Our Bureau
Mumbai , Feb. 17 GOLDMAN Sachs and Merrill Lynch have picked up a total of 5.7 per cent stake in Rajesh Exports Ltd, a gold jewellery exporting company. Goldman Sachs bought 4.28 per cent and Merrill Lynch bought 1.42 per cent from the total equity of 70 crore shares . A third investor bought 1.42 per cent of the total paid-up capital of the company. In a press release , Mr Rajesh Mehta, Chairman Rajesh Exports, said, "Equity participation by investors such as Goldman Sachs and Merrill Lynch lends credibility to us in the domestic and international markets." Shares of Rajesh Exports closed at Rs 347.90 on the BSE on Thursday and the total volume of trade was 9,44,432.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|