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Hedge Funds join the rally on Wednesday

Reuters India – New Vernon Bought stakes in Indage Vitners and Orbit Corp. Deutsche Sec bought 11% into UB Group.

Private equity and hedge funds seem to be playing their parts in the brief rally that the Indian stock markets are witnessing. Multi-strategy fund New Vernon has picked up minor stakes in two

companies. New Vernon bought little more than 3% stake in Indage Vintners for Rs 2.76 crore. Indage Vintners, formerly known as Champagne Indage, is one of the oldest wine producer in the country.

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