Mauritius-based Swiss Finance Corporation (SFC) has bought an additional 4% stake in Amtek Auto through open market purchases.The foreign investor acquired a total of 57.2 lakh shares for about Rs 31 crore on December 12 ‘08. Post-acquisitions, SFC’s
stake in the company has gone up to 8.2% of the equity, according to disclosures filed with the Bombay Stock Exchange.
The Amtek Auto stock has risen sharply by 52% in the past one month. Warburg Pincus, Citigroup, Credit Suisee Singapore, CLSA Mauritius and Sansar Capital Mauritius are among other major foreign institutional investors holding a substantial stake in the company.
Amtek Auto is part of Amtek Group, one of major players in automotive components industry with production facilities located across North America, Europe and Asia.
Showing posts with label Swiss Finance Corp. (SFC). Show all posts
Showing posts with label Swiss Finance Corp. (SFC). Show all posts
Friday, December 26, 2008
Friday, June 8, 2007
SFC buys stake in Deccan Chronicle
Foreign brokerage firm Swiss Finance Corp has acquired 5.41 lakh shares of the Deccan Chronicle Holdings, publishers of Deccan Chronicle, through the conversion of Foreign Currency Convertible Bonds (FCCBs) into equity shares.
In a communique to BSE, Deccan Chronicle said its Share Allotment Committee in a meeting on Friday approved the allotment of 5,41,410 equity shares of Rs 2 each (face-value) as per the terms of the bonds.
The stock, which has gained 17 per cent or Rs 32 in the last one month, has been one of the active media stocks during this period. In June alone, nearly 17.37 lakh shares of Deccan Chronicle have been traded as compared to 36 lakh shares traded on BSE in whole of May.
Swiss Finance Corp is the latest among quite a few foreign institutional investors like CLSA (1.37 per cent), FID Funds (2.12 per cent) Morgan Stanley (2.27 per cent) and domestic mutual funds like Prudential ICICI, HDFC MF to have significant equity interests in the media company, latest data shows.
On March 23, Kuvera fund, Citigroup Global and ITF Mauritius were allotted equity shares through a similar conversion of FCCBs.
Based on the information available on total number of shares of Deccan Chronicle, Swiss Finance Corp by virtue of the 5.4 lakh shares now holds 0.22 per cent stake.
In a communique to BSE, Deccan Chronicle said its Share Allotment Committee in a meeting on Friday approved the allotment of 5,41,410 equity shares of Rs 2 each (face-value) as per the terms of the bonds.
The stock, which has gained 17 per cent or Rs 32 in the last one month, has been one of the active media stocks during this period. In June alone, nearly 17.37 lakh shares of Deccan Chronicle have been traded as compared to 36 lakh shares traded on BSE in whole of May.
Swiss Finance Corp is the latest among quite a few foreign institutional investors like CLSA (1.37 per cent), FID Funds (2.12 per cent) Morgan Stanley (2.27 per cent) and domestic mutual funds like Prudential ICICI, HDFC MF to have significant equity interests in the media company, latest data shows.
On March 23, Kuvera fund, Citigroup Global and ITF Mauritius were allotted equity shares through a similar conversion of FCCBs.
Based on the information available on total number of shares of Deccan Chronicle, Swiss Finance Corp by virtue of the 5.4 lakh shares now holds 0.22 per cent stake.
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