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FIIs pick up 22 p.c. stake in Eveready
Special Correspondent
KOLKATA:
Merrill Lynch India Equity Fund (Mauritius) Ltd., and Goldman Sachs International, Hong Kong, are among the foreign institutional investors who picked up a total of 22.25 per cent stake in Eveready Industries through the recently-concluded global depository receipt (GDR) issue.
Earlier, the company announced that HSBC Global Investment Funds had picked up a stake of over nine per cent (9.76 per cent) through the said issue.
While Merrill Lynch and Goldman Sachs had each picked up around three per cent stake, the other participants in the $33 million GDR issue were: HSBC Fund Services, Singapore, LG Asian Funds Ltd, Cayman Islands, ICICI Securities Inc, U.S. on behalf of Credo Capital, and Phiem Asset Management (Asia) Pvt. Ltd.
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