VCCircle

Private equity fund Warburg Pincus has raised its stake in auto components manufacturer Amtek India Ltd to nearly 9.5 percent, reports Reuters. The firm is believed to have bought 2.92 million shares, or 2.8 percent, of the outstanding shares, of the company for Rs 204 in a block deal on Bombay Stock Exchange, the report further says.
Warburg has been buying up shares in Amtek India. The firm had apparently held only 1.24 percent in Amtek India as on September 2007.
Meanwhile, UTI Technology Fund last week sold 700,000 shares or a 1.61 per cent stake in Moschip Semiconductor Technology, reducing its total holding in the company to 3 per cent.