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Article: Oman-based Al Anwar Holdings invests Rs 35cr in Almondz Global.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- December 6, 2007
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Oman-based Al Anwar Holdings invests Rs 35cr in Almondz Global
Mumbai, Dec 6 (PTI) Oman-based Al Anwar Holdings SAOG has acquired 14.99 per cent stake in Almondz Global Securities for Rs 35 crore.
"Almondz Global Securities (AGSL) today entered into an agreement with the Oman-based private equity investment firm Al Anwar Holdings SAOG to place 14.99 per cent of AGSL's equity at Rs 85 a share," an AGSL release issued here today said.
Al Anwar is listed on Muscat Securities Market and is focused on investments in the financial services space in the Middle-East.
The placement gives Almondz a valuation of Rs 232 crore, the release said, ...