Thursday, 24 March 2011

Cedar Infonet increases stake in Tulip Telecom

Mumbai, Mar 24 :- Tulip Telecom today said its promoter firm Cedar Infonet has increased stake in the company to 33.16 per cent.
Cedar Infonet bought 1,79,634 equity shares constituting 0.12 per cent of the issued share capital of Tulip Telecom from the open market, the company said in a filing to the Bombay Stock Exchange.
"Consequent to the purchase of above shares, the holding of Cedar Infonet Private Limited, has been increased to 33.16 per cent comprising 480,88,834 equity shares of rs 2 each," it said.
Shares of Tulip Telecom today closed Rs 141, up by 3.18 per cent from its previous close at BSE.

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