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Government of Singapore picks stake in ICSA (India)

This article was posted on Apr 4, 2008 and is filed under Press Releases

ICSA (India) is proud to announce that Government of Singapore Investment Corporation Private Limited along with its sub-accounts has picked up equity stake in the company aggregating to 2211246 shares (5.0245%).

Recently Investment companies like UBS, MERRILL LYNCH & MORGAN STANLEY have also picked up Equity Stake in the company and now the Govt of Singapore has joined the elite group of stakeholders of the company.

Early this year, Goldman Sachs, a global investment bank, has invested $ 46 million through FCCBs apart from acquiring 3,50,000 convertible warrants.

Company has recently developed the new products during the third quarter:

-Agriculture Load Management Unit ( ALMU )

-Remote Metering for Residential and HUT Consumers (RMRH )

Sourced From: Concept Public Relations India Pvt. Ltd

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