Date:13/06/2007 URL: http://www.thehindubusinessline.com/2007/06/13/stories/2007061301510300.htm

Back Suryajyoti Info stake in SSML

Our Bureau

Hyderabad, June 12

Suryajyoti Infotech Ltd has acquired 20,000 equity shares of Suryajyoti Spinning Mills Ltd (SSML) for a total value of Rs 12,31,369. The mode of acquisition was through the stock market. According to a notice to the BSE from SSML, the Company's Executive Director, Mr Arun Kumar Agarwal, is also a Director in Suryajyoti Infotech. SSML, a manufacturer of yarns, is on a major expansion of its capacities in the State and has recently tied up with a global Italian player Pangea SRL. It is investing about Rs 104.5 crore in a speciality bottom weight fabric weaving, dyeing and finishing plant in Mahboobnagar district through the collaboration.