Financial Daily from THE HINDU group of publications
Saturday, May 27, 2006

Cross Currency

Group Sites

Markets - Foreign Institutional Investors

FII takes 5% stake in Shashwat Intl

Our Bureau

Mumbai, May 26

Minivet Ltd, an FII, has picked up five per cent stake in refractory manufacturing company Shashwat International Ltd for $3 million. Smith Advisory advised the FII in the private equity transaction, a press release said here today. Shashwat International Ltd, which has refractory manufacturing facilities in West Bengal and Gujarat, proposes to expand its capacity from 84,400 mtpa to 300,000 mtpa. Privately held Shashwat International, with refractory manufacturing facilities in China and the US, also plans to acquire a large refractory unit in Orissa.

More Stories on : Foreign Institutional Investors | Bearings | tings & Forgings

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
IPO scam: SEBI bars Karvy group entities

MF managers are seven times more efficient!
Mercator Lines: Betting on numbers
Elder Pharma up on stake hike talk
ICICI Bank takes 5.6% stake in Andhra Cements
Jet may go ahead with FCCB issue despite uncertain market
Gati: Takeover target?
Volatile movement
NSE, BSE revise STT rate upwards
`London SE will keep attracting Indian cos'
S&P looking at equity research on Indian companies
Sensex up 143 on MF support
FII takes 5% stake in Shashwat Intl
Sell more small-cap stocks in India: UOB
FMCG, consumer durable indices gain
Cambridge Tech plans Rs 35-cr IPO

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