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Mumbai:
One of the top runners in the mid cap segment has caught the attention of
large investors like UBS
Securities Asia Limited, Merrill Lynch and Morgan Stanley have collectively acquired
an8.63-per cent in software firm ICSA (India) Ltd. The individual stake of the
three fund houses is, UBS Securities - 3.47 per cent (280,665 shares), Merrill
Lynch - 3.32 per cent (268,540 shares) and Morgan Stanley 1 -.83 per cent (148,292
shares. Earlier
this year global investment bank Goldman Sachs invested $46 million in the software
firm through the FCCB route apart from acquiring 350,000 convertible warrants
in it. ICSA
(India) Ltd develops technology solutions for the power, oil, water and gas sectors
to identify transmission and distribution (T&D) losses and monitor power and
oil consumption using the GSM network.
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