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Munjal acquires additional shares in DMIPL

Munjal acquires additional shares in DMIPL
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First Published: Fri, Jul 16 2010. 12 09 AM IST
Updated: Fri, Jul 16 2010. 12 09 AM IST
Mumbai: Yogesh Chander Munjal, chairman of Munjal Showa Pvt Ltd, the company that makes auto parts, has aquired an additional 8,400 shares in the holding company, Dayanand Munjal Investments Pvt Ltd (DMIPL) from Suresh Chander Munjal and Vijay Kumar Munjal, said Munjal Showa, in a statement to the Bombay Stock Exchange.
The acquisition increases Yogesh Munjal’s stake in the promoter company, DMIPL from 49.4% to 99.4%. On June 11. The Munjal family had announced restructurimg of holdings in the Hero Group. As part of the realignment process, all promoter cross-holdings had been untangled and consolidated in the name of the relevant family.
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First Published: Fri, Jul 16 2010. 12 09 AM IST