Monday, January 11, 2010

Nortel arm offloads stake in Sasken

Nortel Networks Mauritius which has 9.82 per cent stake in telecom software firm Sasken as of September 2009 has offloaded about 8.35 lakh shares in the open market. According to a notification, Nortel Networks sold about 6 lakh shares in the open market. Nortel Networks sold a block of 3.65 lakh shares for Rs 187.06 each and 2.35 lakh shares each for Rs 186.82 each.

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