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Capital Market | 4 December 2012    1 Comment

Standard Chartered Cuts Stake In PI Industries

by Paritosh Gajjar
 
@Paritosh
Standard Chartered Investments and Loans has cut down on its holding in P.I Industries Limited by selling over 3.5 lakh shares through exchanges.

The foreign bank sold 2.18 lakh shares on BSE and over 1.35 lakh shares on NSE at an average price of R530 per share. Total sale amounted to more than R18.75 Cr.

In October Stan Chart had sold over 8.20 lakh shares at R570.11 per share amounting to more than R46.77 Cr, majorly of which was bought by Citigroup Global Markets.

Indian Conglomerate Looking For Acquisitions In Water And Waste Water Management Segment

An Indian business conglomerate is seeking buys in the water and waste water management segments falling within the range of R50-100 Cr and having EPC capabilities and government and municipality Pre-Qualifications.

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Ace Investor Rakesh Jhunjhunwala Backs Remedinet Technologies

Ace investor Rakesh Jhunjhunwala has invested an undisclosed amount in Remedinet Technologies, software firm which provides solutions to manage pre-authorised payments. The round also saw the participation of existing investors - Bessemer Venture Partners and Nirvana Venture Advisors Private Limited.

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