Citigroup Global Markets Mauritius increases its stake in Tulip Telecom
March 15, 2010
Citigroup Global Markets Mauritius has increased its stake in Tulip Telecom from 3.09 per cent (as of December 2009) to over 5 per cent by purchasing shares worth Rs 531.6 million through an open market transaction. It has bought 567,721 shares (1.95 per cent stake) at Rs 936.55 per share from Mauritius-based Swiss Finance Corporation.
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