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Jan 7, 2009

Renaissance Hiked Stake In Revathi Equipment

A promoter-controlled investment vehicle, Renaissance Asset Management has hiked its stake in Revathi Equipment through secondary market purchases, a BSE announcement said. Last month, Renaissance, which is owned by Abhishek Dalmia-controlled Renaissance Group, picked up 0.31% to hike Dalmia's shareholding in the Coimbatore-based company to over 64%. Shares of Revathi Equipment were marginally up at Rs 445.10, at 10:10 AM.

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