Deutshe Securities ups stake in ICSA India

Deutsche Securities Mauritius has picked up an additional 2.08 per cent in technology solutions provider, ICSA India, through open market purchases.

MUMBAI: Deutsche Securities Mauritius has picked up an additional 2.08 per cent in technology solutions provider, ICSA India, through open market purchases.

With this, Deutsche Securities now has 7.16 per cent (nearly 31.5 lakh shares) stake in ICSA India as against the earlier 5.08 per cent stake (nearly 22.37 lakh shares), the company said in a press statement issued here.

Other shareholders of the company include Swiss Finance Corporation, Abu Dhabi Investment Authority, Government of Singapore, Goldman Sachs, Merrill Lynch and Morgan Stanley.

Early this year, Goldman Sachs invested $46 million in the company through Foreign Currency Covertible Bonds (FCCB) besides acquiring 3.5 lakh covertible warrants, the company said.
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