Financial Daily from THE HINDU group of publications
Wednesday, Oct 30, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Markets - Mutual Funds
Info-Tech - Stocks


Alliance buys 1 pc more in Polaris Software

Our Bureau

CHENNAI, Oct. 29

ALLIANCE Capital Mutual Fund has acquired five lakh shares of Polaris Software Lab Ltd in the open market, amounting 0.98 per cent of the company's equity, taking its total stake in Polaris to 5.35 per cent.

The acquisition of such a large volume comes after a revised swap ratio in the Polaris-OrbiTech solutions merger was announced on Saturday.

As on September 30, the promoter's holding in Polaris is 46.39 per cent, non-promoters' 19.57 per cent, Citicorp Finance (India) Ltd 6.25 per cent, private corporate bodies 9 per cent and public holding 20.48 per cent.

Among the institutional investors, Alliance Millennium Fund holds 1.61 per cent, Alliance Capital Mutual Fund (1.28 per cent), Pioneer ITI Mutual Fund Pvt Ltd (1.02 per cent), HSBC Global Investment Funds Mauritius Ltd (1.48 per cent) and Emerging Markets Management (1.88 per cent).

Send this article to Friends by E-Mail
Comment on this article to BLFeedback@thehindu.co.in

Stories in this Section
Due diligence on UTI's NAV schemes begins


Alliance buys 1 pc more in Polaris Software
RBI becoming more flexible, say fund managers
Debt funds to remain attractive
Bear run arrested
BSE warns members on client code
HPCL, BPCL turn active again
Result induces swings in Digital
Stocks rise on buying spree
Bank rate, CRR cuts pep up sentiment for bank stocks
Buy Nov 230 calls on Satyam Comp
Bargain-hunting triggers rally


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line