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INDIA BUSINESS WORLD - OCTOBER 21st - NOVEMBER 15th - 2007


SUBHKAM CONSOLIDATES STAKE IN MSK PROJECTS TO 24.26%

Private equity player Subhkam Ventures has said it has consolidated its stake in MSK Projects (India) by acquiring 40 lakh shares for Rs 33.6 crore. The company has acquired the shares through its investment entity Subhkam Holding Pvt Ltd (SHPL) increasing its stake in MSK Projects to 24.26%, up from the existing 8.8%, Subhkam Ventures said in release issued here. SHPL will make an open offer to acquire another 20% share of the target company pursuant to the provisions of the Sebi takeover code, the release said.

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