Mumbai, June 25: Reliance Capital Ltd along with Persons Acting in Concert (PAC) has further hiked its holding to 58.24 per cent in erstwhile BSES Ltd with the acquisition of 3.05 per cent equity from the open market. Reliance Capital and PAC have acquired 41,95,089 shares of which 41,60,343 shares were sold by few entities who are a part of PAC, BSES, now renamed as Reliance Energy Ltd, informed the National Stock Exchange on Wednesday.
Some of the persons acting in concert are Reliance Industries, Reliance Power Ventures, Reliance Industrial Investments and Holdings, Real Fibres Pvt Ltd, Paramount Merchant Bankers Pvt Ltd, Nikhil Investments Company Pvt Ltd, Maxwell Dyes and Chemicals Pvt Ltd and Kankhal Investments and Trading Company Pvt Ltd, it said.

The mode of acquisition was through open market and the date of acquisition is June 19, 2003. The total shareholding after this acquisition is 8,02,13,113 shares amounting to 58.24 per cent of the total paid-up capital. Bureau Report