Nalanda Capital Ups Stake In Exide To 5%; Exposure Crosses $100M
Nalanda Capital has increased its holdings in Exide Industries to 5.01 per cent, according to a company disclosure to the Bombay Stock Exchange. The private equity firm, which focuses on public-listed Indian companies, already held 4.59 per cent stake as on December 31, 2011. It boosted its holding marginally in the past few weeks to 4.91 per cent and bought 0.10 per cent afresh to take the total holding to 5.01 per cent.
Nalanda Capital is estimated to have invested around Rs 40 crore ($8 million) this month to acquire the additional 0.42 per ...
Read Full Article