dkishore
21-11-2007, 07:14 AM
Investment firm HB Stockholdings has started buying DCM Shriram Industries (DSIL) shares from the market. HB Stockholdings has announced an open offer to acquire 22.8% of DSIL. The publicly-listed investment firm had on Monday offered to acquire shares of the sugar and rayon firm, owned by the Shriram family, at Rs 70 per share.
The exact quantum of shares bought by HB in the last two days could not be ascertained. At the time of announcement of the open offer, HB Stockholdings already held 12.87% stake in DSIL, the largest stake after promoters.
The exact quantum of shares bought by HB in the last two days could not be ascertained. At the time of announcement of the open offer, HB Stockholdings already held 12.87% stake in DSIL, the largest stake after promoters.