Financial Daily from THE HINDU group of publications
Tuesday, Dec 27, 2005
Financial Daily from THE HINDU group of publications Tuesday, Dec 27, 2005 |
|
|
|
|
|
|
|
Markets
-
Mutual Funds UTI Ventures picks up 10.7 per cent in Suryalakshmi Cotton Our Bureau
Mumbai , Dec. 26 UTI Venture Funds has picked up 10.7 per cent stake in Suryalakshmi Cotton Mills Ltd (SCML) for Rs 34.99 crore. The stake acquisition is through a preferential issue of 14.28 lakh equity shares at Rs 245 per share, according to a press release issued by the company. The company plans to use the funds to part finance its expansion plans. It has already received a sanction from IDBI for a term loan of Rs 70 crore under the Technology Upgradation Fund Scheme for its ongoing expansion of denim and spinning division, the release informed.
More Stories on : Mutual Funds
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, 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
|