Search
Info Center
Home > Info Center > CCSE Review
Return
ReturnIndia: Premji buys 4% in Himatsingka Seide
Author：
admin
PublishDate：
2005-11-16 10:45:00
Hit：
366
Mumbai: Wipro Chairman Azim Premji on Nov. 10 acquired a 3.76 per cent stake in silk yarn and fabrics maker Himatsingka Seide for Rs 108.80 crore. Premji bought eight lakh shares of the company at Rs 136 a share from Arsaig Partners Asia Pte in a block deal.
The Himatsingka stock closed at Rs 137 on the BSE today with 8.75 lakh shares traded against a two-week average volume of 1.45 lakh shares.
Himatsingka Seide, with an equity capital of Rs 19.117 crore, had reported a net profit of Rs 46.40 crore in 2004-05. On September 30, 2005, Indian promoters held 61 per cent stake in Himatsingka. Institutional investors held 14.53 per cent stake, and Indian public 19 per cent.
