Financial Daily from THE HINDU group of publications
Thursday, Aug 04, 2005
Financial Daily from THE HINDU group of publications Thursday, Aug 04, 2005 |
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Markets
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Stocks Aqua India offloads 13.79 pc stake in Jain Irrigation Our Bureau
Mumbai , Aug. 3 AQUA India I Ltd on Wednesday sold 80 lakh shares of Jain Irrigation Systems Ltd (JISL) amounting to 13.79 per cent stake for a total of Rs 124 crore. The shares were sold in two bulk deals at Rs 155 per share on the Bombay Stock Exchange. At the end of March 2005, Aqua held a stake of 40.52 per cent in JISL. The irrigation company had made a preferential allotment to Aqua, a private equity fund, two years ago. The buyers include Lionhart Investment Ltd, BSMA Ltd, Goldman Sachs Investment, Grantham Mayo, HSBC Global Investment and Fidelity Management.
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