Miglani family member picks up 12 lakh Uttam Galva shares
A member of Miglani family, promoter of steel maker Uttam Galva, has bought 12 lakh shares of the company for Rs 15 crore through open market transactions.
By PTI |
MUMBAI: A member of Miglani family, promoter of steel maker Uttam Galva, has bought 12 lakh shares of the company for Rs 15 crore through open market transactions.
Anuj Rajinderkumar Miglani picked up 12 lakh shares or 1.05 per cent stake in the company at Rs 125 a piece, aggregating to Rs 15 crore, according to the bulk trade data available on the Bombay Stock Exchange.
In two separate transactions, Miglani purchased 6,00,000 shares each at Rs 125 per share, totalling to Rs 15 crore.
Another promoter group firm Sainath Trading Company has sold 18,00,000 shares of Uttam Galva totalling to Rs 22.50 crore, another bulk deal data said.
Earlier in the day, India-origin billionaire Lakshmi Mittal-led ArcelorMittal made an offer to buy an additional 29.4 per cent stake in domestic steel firm Uttam Galva Steel at Rs 120 a share.
In a public announcement made to the shareholders, ArcelorMittal said its open offer would begin on October 31, and close on November 19, 2009.
The open offer comes following ArcelorMittal's announcement to snap up a 35 per cent stake in Uttam Galva through a mixed route of share purchase from existing promoters and open offer.
Anuj Rajinderkumar Miglani picked up 12 lakh shares or 1.05 per cent stake in the company at Rs 125 a piece, aggregating to Rs 15 crore, according to the bulk trade data available on the Bombay Stock Exchange.
In two separate transactions, Miglani purchased 6,00,000 shares each at Rs 125 per share, totalling to Rs 15 crore.
Another promoter group firm Sainath Trading Company has sold 18,00,000 shares of Uttam Galva totalling to Rs 22.50 crore, another bulk deal data said.
Earlier in the day, India-origin billionaire Lakshmi Mittal-led ArcelorMittal made an offer to buy an additional 29.4 per cent stake in domestic steel firm Uttam Galva Steel at Rs 120 a share.
In a public announcement made to the shareholders, ArcelorMittal said its open offer would begin on October 31, and close on November 19, 2009.
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The open offer comes following ArcelorMittal's announcement to snap up a 35 per cent stake in Uttam Galva through a mixed route of share purchase from existing promoters and open offer.
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