Aditya Birla Nuvo to buy 56% of Apollo Sindhoori Capital
August 28th, 2008
Thursday, August 28, 2008 2:47:03 PM IST
Aditya Birla Nuvo of the Aditya Birla Group has announced it will buy 56% stake in in Apollo Sindhoori Capital, a Chennai based broking firm. The deal is at a cost of Rs. 1.99B Rupees. Aditya Birla Nuvo will be making an open offer for 20% in Apollo Sindhoori as per the stipulated regulatory requirements.
Apollo Sindhoori Capital Investments Limited is trading at Rs. 57.40 up 8.40%. The Buy order book are at 105485 while the Sell order book is at 61386 for the stock on the NSE. The 52-week high price of the script is 557.80 while its 52-week low is 46.10
Aditya Birla Nuvo Limited (NSE: ABIRLANUVO) is trading at 1310.00. down 0.17%. Its 52-week high is 2507.80 while its 52-week low is 1035.00
Entry Filed under: Equity Markets, Financial Services
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