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SEL Manufacturing buys stake in Omega Hotels and SEL Aviation; stk up-news17032012

Tuesday, March 27, 2012

Shares of SEL Manufacturing Company advanced over 8%, touching the weekly high of Rs11.95, after the company said it has acquired 99.88% stake in Omega Hotels and 51.09% stake in SEL Aviation, thereby making both these companies as its subsidiaries.


Omega Hotels is implementing a hotel project at Agra in Uttar Pradesh. SEL Aviation is in the business of aviation services and holds a non-scheduled operator's permit under the Director General of Civil Aviation, Rules and Regulations, SEL Manufacturing said.
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