Updates : DISA India

Thebullishtrends: Disa India shares are trading at Rs.1091. Disa India Ltd has informed that the Company is a subsidiary of DISA Holding A/S of Denmark (DH) and of DISA Holding AG (DHA) of Switzerland which holds 20% and 54.3% of the paid-up shareholding in the Company. DH is a 100% subsidiary of DISA Holding II A/S (DHII) and DNA is a 100% subsidiary of DH. DHII is owned by Procuritas, a leading Scandinavian private equity firm.The Company have just been informed on March 11, 2008 that under the prevailing laws / regulations of their respective foreign countries and dependent of approval from the antitrust authorities, the ownership of DHII is being divested by Procuritas in favour of Mid Europa Partners. Mid Europa Partners, is a private equity firm which invests in businesses based in or with significant exposure to Central & Eastern Europe. The firm operates from offices in Budapest, London and Warsaw. The Company is yet to receive complete details of the said transaction.