Date:08/05/2004 URL: http://www.thehindu.com/2004/05/08/stories/2004050804441703.htm

Business - Briefly

Templeton picks up stake in Aurobindo Pharma

MUMBAI, MAY 7. Templeton Strategic Emerging Markets LDC has acquired 2.91 per cent stake in Aurobindo Pharmaceuticals taking its total holding in the company to 7.91 per cent. The foreign fund bought 13.05 lakh shares (2.91 per cent) of Aurobindo Pharmaceuticals from the open market on April 30, the company informed the National Stock Exchange here today.

— PTI