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Macquarie Bank exits Banswara Syntex with stake sale to Kotak Mahindra

Banswara Syntex

Banswara Syntex is a vertically integrated textile mill manufacturing man-made synthetic blended Yarn, wool and wool mixed yarn, all type of Fabrics, Jacquard Furnishing Fabrics, besides production of Readymade Garments and Made-up’s. It has also production of Technical Fabric. The Company is one of the largest single mill setup producing spun fibre-dyed yarns in Asia and 90% of the production is fibre dyed.

We had earlier reported the Macquarie Bank stake sale in Diamond Power Infrastructure to Kotak Mahindra (International).

Today we report the stake sale by Macquarie Bank in Banswara Syntex. Macquarie which held 1,299,801 shares or 7.68% sold the entire stake to Kotak Mahindra.

Banswara Syntex Share Price April 2016

Macquarie Group Limited is a global investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services to institutional, corporate and retail clients and counterparties around the world. Headquartered in Sydney, Macquarie is the largest Australian investment bank and the top ranked mergers and acquisitions advisor in Australia.

Macquarie is listed in Australia and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker.

Banswara Syntex Kotak Mahindra Macquaire Bank April 2016

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