Business Daily from THE HINDU group of publications
Friday, Nov 06, 2009
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Business Daily from THE HINDU group of publications Friday, Nov 06, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Markets
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Stocks
Our Bureau Mumbai, Nov. 5 Indiabulls Financial Services has increased its stake in the Suzlon Energy Ltd to 6.38 per cent from 4.59 per cent by virtue of acquiring the pledge shares as a pledgee. The company acquired the 1.79 per cent additional stake or 2.79 crore shares of the wind turbine major by way of pledged shares, Indiabulls Financial said in a BSE disclosure. Prior to the acquisition, Indiabulls held 4.59 per cent stake in the company. At the end of September quarter, promoters held 53.08 per cent stake in Suzlon. Besides, a total of 43.28 per cent of the promoter holding was pledged, according the shareholding pattern available with the exchanges. The size of the transaction was not disclosed by both companies. More Stories on : Stocks | Financial Services | Suzlon Energy Ltd
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