Buying interest was seen in Sasken Communication. The buyers this time being – Reliance Mutual Fund (1,73,000 shares @ Rs. 213/-) and Goldman Sachs (2,12,880 shares @ Rs. 217/-). Last week, ICICI Prudential had bought shares in the company.
Earlier this year, Nortel Networks sold a large part of its stake in Sasken. Check this link: http://www.vccircle.com/500/news/nortel-sells-45-stake-in-sasken-via-market-sale
Also, Wellington Management Company LLP has informed that it has increased its ownership in Magma Fincorp Limited to 6.56% from 1.49% earlier.
About Me
- Manish Tulsian
- Manish graduated from Panjab University with a degree in Commerce and followed it up with an MBA from the ICFAI Business School, Mumbai. He has worked for over 10 years in equity research positions analyzing Global markets and businesses for international brokers, private equity firms, and asset management companies. Manish lives and works in Mumbai; he can be reached at mtulsian@gmail.com.
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