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News >> Technology >>
FIIs hike stake in Hexaware Tech
By agencies
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Monday, 01 August 2005, 19:30 IST
CHENNAI: Foreign Institutional Investors (FIIs) have increased their stake in Hexaware Technologies Ltd to 33.22 percent during June 2005 quarter compared to 24.43 percent in the April quarter and 23.12 percent in December 2004 quarter, according to information available with the Bombay and National stock exchanges.
Among the FIIs, the GMO Emerging Markets Funds increased its stake in the company to 5.56 percent in the June quarter compared to 2.67 percent in the previous quarter and 1.65 percent in December 2004 quarter.
However, other FIIs such as Citigroup Global Market Mauritius Pvt Ltd and Copthall Mauritius Investment marginally reduced their stakes in Hexaware during the June quarter.
CLSA Merchant bankers Ltd A/c Calyon, which was not in the list of FIIs holding stake of 1 percent and above in the April quarter in Hexaware, ended the June quarter with a 2.17 percent stake in the company.
Similarly, Deutsche Securities Mauritius, which was not in the April list of 1 percent and above shareholding, ended the June quarter with a 1.61 per stake in the company, information available in the stock exchanges says.