Our Bureau

Hyderabad, Jan. 19

IDBI Trusteeship Services Ltd (ITSL) has acquired 8,89,21,000 shares of Sanghi Industries Ltd (SIL), aggregating to 40.79 per cent of its total paid-up capital.

The company has informed the stock exchanges about the acquisition in the capacity as share pledge trustee and agent for GE Capital Services India and various banks and financial institutions. The intimation of shares pledged in favour of ITSL was received on January 17, the company said.

(This article was published in the Business Line print edition dated January 20, 2006)
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