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Apar Ind to up stake in Uniflex Cables to 50%: Srcs

Published on Thu, May 22, 2008 at 14:18 |  Source : CNBC-TV18

Updated at Fri, May 23, 2008 at 16:44  

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By Nimesh Shah, CNBC-TV18

Apar Industries    will up stake in Uniflex Cables to nearly 50%, reports CNBC-TV18, quoting sources. It currently holds 33.41% stake in it. The stake will be acquired from existing promoters. Apar Industries may also make an open offer for additional 20% in Uniflex Cables . Yes Bank is likely to be the advisor to the deal.

Disclaimer:

This is source-based information and has not been provided to the stock-exchanges.

  

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