Zodiac Clothing has been very active over the last one week after private investors, Nemish Shah and Akash Bhansali bought a large chunk of stock in it. It owns 17 lakh shares in Shoppers Stop.
During the bull market of 2007-08, Japan's Nomura was widely tipped to acquire Enam for USD 1 billion. In November last year, Enam eventually sold its investment banking and equity businesses to Axis Bank for Rs 2067 crore (roughly USD 460 million).