sayaji rao | McNally stake Bharat scales Sayaji Engineering

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EIG scales up stake in McNally Sayaji Engineering

KOLKATA: Private equity fund EIG of Mauritius has scaled up its stake in McNally Sayaji Engineering, a subsidiary of the B M Khaitan group company McNally Bharat Engineering Co. The Hong Kong-headquartered private equity fund has bought a little over 2 percentage points of McNally Sayaji’s paid up capital from McNally Bharat Engineering. Last month, the private equity fund had bought some 5 % of McNally...

Economictimes | 24 Day(s) Ago

McNally Bharat sells stake in arm

Engineering firm McNally Bharat said it has sold two per cent stake in its arm McNalli Sayaji Engineering to Mauritius based investor EIG. The company sold 148,598 shares for a total consideration of Rs 1.4 8 million, the compay said.After the sale, the company' shareholding in McNally Sayaji Engineering fell to 86.05 per cent of the issued capital from 88.07 per cent earlier, it said. The company's...

Business Standard | 27 Day(s) Ago

McNally Bharat posts marginal rise in net

McNally Bharat Engineering today reported a net profit of Rs 3.6 crore for the July-September quarter against Rs 3.2 crore in the corresponding period last fiscal.The company’s order book stands at Rs 2,925 crore and it expects to register a combined topline, including that of subsidiary McNally Sayaji, of around Rs 1,800 crore in 2009-10.At present, McNally is in talks with private power plants and...

Telegraphindia | 21 Day(s) Ago

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23 Nov 2009 closing


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