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Mumbai, Dec. 29

Credit Suisse Pvt Equity Partners Asia LP has sold off its Mauritius-based subsidiary Ganesha Prime Holdings Ltd to Singapore-based Stansen Holdings Pte Ltd for undisclosed amount. Ganesha Prime holds 18,500,000 equity shares of Rs 10 each of Binani Cement constituting 9.11 per cent of the paid up capital, Binani Cement said in a Bombay Stock Exchange announcement. “Ganesha Prime Holdings will continue to hold 9.11 per cent on our books, though it has changed hands. The deal does not have any financial implication on Binani Cement is concerned,” said Mr Vinod Juneja, Managing Director, Binani Cement. The company stocks on BSE gained 8 per cent to Rs 32 on Monday. —

Our Bureau

More Stories on : Mergers & Acquisitions | Venture Capital | Cement

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