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Friday, Jan 07, 2005

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Aberdeen picks up stake in CMC

Our Bureau

HYDERABAD: CMC Ltd has informed the National Stock Exchange that Aberdeen Asset Management Asia Ltd has on behalf of funds acquired 39,000 shares aggregating 0.2574 per cent of the total paid-up capital of CMC Ltd, thereby crossing the 5-per cent mark.

These shares were acquired on December 17 through open market purchase. The shareholding of Aberdeen Asset Management Asia Ltd on behalf of funds advised and managed by them, after the said acquisition, is now at 7,80,018 shares aggregating 5.1486 per cent of the total paid up capital of CMC Ltd.

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