Caduceus Asia Mauritius to pick 12% in Shasun
Mauritius-based Caduceus Asia Mauritius will pick up 11.93% stake in Shasun Pharmaceuticals for a consideration of R50 crore. Accordingly, the promoter holding will come down to 41.15% from the current 46.73%. Shasun will use the money to re-pay long term funds as well as to part finance the capex, the company said.
Kalpathi Investment pares stake in EdServ
Kalpathi Investment Private, the leading non-promoter investor in Chennai-based
e-learning company EdServ Softsystems, has pared 2.14% stake or 5.62 lakh shares in the e-learning through open-market transactions in small doses, between February 15 and February 23 this year. Kalpathi originally had held 14.22% stake (37.31 lakh shares) in EdServ. Post dilution, Kalpathi's stakeholding has been lowered to 12.08% or 31.89 lakh shares. Propsel Ventures private (9.53%) and IDBI Bank (1.86%) are the other major non-promoter stakeholders in EdServ.
Strides Arcolab to pay R2 dividend
Strides Arcolab has informed BSE that the board of directors of the company, at its meeting held on Monday, has recommended dividend at 20%, that is, R 2 per share for the year ended December 31, 2011.