Our Bureau

Mumbai, March 3

Matherson Advisory Singapore Pvt Ltd, a registered FII, has bought 8.29 lakh shares (8.71 per cent) of Herbertsons Ltd from McDowell & Co Ltd and Phipson Distillery at Rs 263.35 per share through a block deal executed on Tuesday.

The total cost of acquisition works out to Rs 21.83 crore.

At the end of December 2005 quarter, Phipson Distillery Ltd had a stake of 56.18 per cent and McDowell & Company 4.83 per cent. The deal was brokered by Ambit Capital, a Bombay Stock Exchange member. This is first block deal by Ambit Capital, press release by the company here said.

(This article was published in the Business Line print edition dated March 4, 2006)
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