Date:05/08/2005 URL: http://www.thehindu.com/2005/08/05/stories/2005080501721702.htm

Business - Briefly

Mauritius-based FII hikes stake in RCL

NEW DELHI: Copthall Investment, a Mauritius-based foreign institutional investor (FII), has hiked its stake in Reliance Capital to seven per cent after Anil Ambani's group came up with a Rs. 2,673-crore preferential issue last month. Copthall has acquired 60 lakh shares, aggregating to 4.18 per cent of the total paid up capital of Reliance Capital, its merchant banker Citibank informed the National Stock Exchange.