Date:03/01/2009 URL: http://www.thehindu.com/2009/01/03/stories/2009010356211500.htm

Business - Briefly

Sundaram BNP Paribas raises stake in PSL

MUMBAI: Steel pipe manufacturer PSL informed the Bombay Stock Exchange that institutional investor Sundaram BNP Paribas has hiked its stake in the company by 2.34 per cent, purchasing shares worth Rs. 3.98 crore, taking its total stake to 5.18 per cent. Prior to the said market purchase, Sundaram BNP had 12.13 lakh equity shares in the company.