The kingpin of Asian Financial Crisis, George Soros, who had earlier bought 1% stake in Amit Sarin promoted Anant Raj Industries Limited has now increased his stake in the same company to 2%. George picked about 2.5 lakh shares through open market transactions for a price range of Rs 830-840. Amit Sarin confirmed the development.Anant Raj Industries, a major player in the ceramics tile industry in the past, now generates more than half of its revenues from the real estate business. Within the real estate sector the company has an interesting business model that involves renting of commercial space which brings fixed revenues every month.
Lets hope that George Soros will not be another Keery Packer of Himachal Futuristic Communications Limited. LOL
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