Monday, January 24, 2011

Khazanah ups Axiata stake to 42.43pct

KUALA LUMPUR: The government's investment arm, Khazanah Nasional Bhd has raised its shareholding in Axiata Group Bhd to 42.43% or 3.583 billion shares.

A filing with the stock exchange showed Khazanah converted part of the exchangeable sukuk bonds issued by Axiata into 5.79 million shares on Jan 19.

On Jan 17, it had also converted part of the bonds which it held in the telecommunications company into 5.92 million shares.


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