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Capital Market | 11 January 2013

After Macquarie, Jeremy Grantham's GMO Fund Sells Stake In Sintex Ind.

by Vivek Singh
After Macquarie, Jeremy Grantham's GMO Fund Sells Stake In Sintex Ind.
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Grantham GMO Emerging Markets, the global investment manager headed by Jeremy Grantham, sold over 15.04 lakh shares of @SintexIndustries through bulk deal on NSE.

The fund manager sold the shares for R69.25 per piece aggregating to R10.42 Cr.

Latest shareholding showed GMO Emerging Markets Fund holding 2.29% stake or over 71.64 lakh shares.

IDFC Midcap Fund Acquires Stake In Innoventive Industries

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IDFC Small And Midcap Fund has acquired around 3.4% stake in Innoventive Industries for R28 Cr.

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Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.

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