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Hyderabad, Nov. 17

Sanghi Industries Ltd continues to trade heavily in the stock exchanges of late with Spinnaker Global Strategic Fund, among others, offloading holdings in the company. Spinnaker Global Stratetgic Fund Ltd, Spinnaker Global Emerging Markets Fund, and Spinnaker Global Opportunities Fund offloaded part of their stake in three tranches in the open market earlier this month. Together they these three funds have offloaded the stake by nearly 5 per cent. After the sale of the sta ke, they still hold about 20 per cent in the company, according to filings to the stock exchanges. Sanghi on Tuesday closed at Rs 29.95 on the BSE, without any change from the previous close.

– Our Bureau

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