*CX Partners* have picked up 8% stake in *Monnet Ispat Ltd* for Rs 150 cr from the secondary market.
CX bought the stake from a clutch of foreign institutional investors for nearly Rs 390 a share during the last two months. The deal values Monnet Ispat at Rs 1,875 cr against its market capitalisation of Rs 2,083 cr. As on December 31, 2009, FIIs owned a 33.76% stake in Monnet Ispat. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
