Financial Daily from THE HINDU group of publications
Wednesday, Sep 07, 2005
Financial Daily from THE HINDU group of publications Wednesday, Sep 07, 2005 |
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Markets
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Foreign Institutional Investors CLSA Fund picks up 5.4% in Apar Ind Our Bureau
Mumbai , Sept. 6 APAR Industries, a company into speciality oil and aluminium conductors, today said that Shinny Ltd, a private equity fund managed by CLSA has subscribed to 34.45 lakh convertible preference shares at Rs 185 aggregating Rs 63.75 crore. These shares constitute 5.4 per cent of the company's equity. Each preference share will be converted into one equity share at Rs 185 within one year from the date of allotment, company said in a release. In today's trading, the stock closed at Rs 224 on the BSE.
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