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Pyramid Saimira's MD may up holding to 10%: Srcs

Published on Wed, Jul 02, 2008 at 14:22 |  Source : CNBC-TV18

Updated at Wed, Jul 02, 2008 at 14:33  

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Pyramid Saimira

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CNBC-TV18 has learnt from sources that Pyramid Saimira 's MD, PS Saminathan will buy 10% in the company from Nirmal Kotecha. Sources added that the promoter will seek Sebi exemption against open offer post stake buy.
 
Nirmal Kotecha held 30% stake in Pyramid Saimira. PS Saminathan will hold 32.26% stake in the company post stake buy. Nirmal Kotecha's stake will come down to 14.89% in Pyramid Saimira.

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

  

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