CGM Mauritius pie in Aptech around 10%

The Mauritius-based CGM Mauritius Private Limited (CMPL) is holding 9.55 per cent more in the equity of information technology major Aptech Ltd for Rs 27 crore following the GDR conversion. With the acquisition, CMPL's holding in the company now stands close to 10 per cent.

With the recent acquisition, CMPL has emerged the single largest shareholder at Aptech after its promoters, who hold around 26 per cent in the company through SSI Ltd.

This was even more than the aggregate holding of all institutional investors who hold a total of 6.5 per cent in Aptech Ltd.

The holding of Life Insurance Corporation of India in the company is close to 1.78 per cent while the foreign financial investors hold around 3.99 per cent in the company.

FII "" Matterhorn Ventures hold around 1.64 per cent while, Coptall Mauritius Investment Ltd has acquired another two per cent in Aptech.

Mutual funds and UTI hold a small 0.22 per cent while banks, financial institutions along with insurance firms hold another 2.22 in Aptech Ltd.