Financial Daily from THE HINDU group of publications
Thursday, Mar 30, 2006
Financial Daily from THE HINDU group of publications Thursday, Mar 30, 2006 |
|
|
|
|
|
|
|
Markets
-
Stocks Corporate - Mergers & Acquisitions Kotak Mahindra buys 4.99 pc in Vimta Labs Our Bureau
Hyderabad , March 29 Kotak Mahindra (UK) Ltd has informed the stock exchanges that New Vernon India Ltd, Premier Investment Fund Ltd and Voyager Fund Mauritius Ltd (sub-accounts of Kotak Mahindra (UK) Ltd) have acquired 11,02,925 shares of Vimta Labs Ltd , the Hyderabad-based contract research and clinical trials company, aggregating to 4.99 per cent of its paid-up capital on March 23. The mode of acquisition is open market and preferential allotment. Following this, the shareholding of Premier Investment stood at 1,37,500 shares (0.62 per cent), of New Vernon India at 2,08,705 shares (0.94 per cent) and of Voyager Fund Mauritius 11,02,925 shares (4.99 per cent). The collective holding of these sub accounts of Kotak Mahindra (UK) after the said acquisition stood at 14,49,130 shares aggregating to 6.55 per cent of total paid-up capital of Vimta Labs.
More Stories on : Stocks | Mergers & Acquisitions | Pharmaceuticals
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 | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, 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
|