Even as the Sensex dipped by 103 points, shares of Indian firms — Edelweiss Capital and Shriram EPC — in which the scam-hit US hedge fund Galleon Group has significant investments, witnessed mixed trends on the Bombay Stock Exchange on Tuesday. The scrip of financial services firm Edelweiss Capital plunged 3.21 per cent to Rs 503.65, while Shriram EPC’s shares settled up 8 per cent at Rs 235.5 on the BSE. During the day, Shriram EPC surged to a 52-week high of Rs 250.95 on the BSE.

Galleon Group’s Tamil-origin billionaire founder Raj Rajaratnam and five others have been arrested by the US authorities on Friday in connection with an insider-trading fraud estimated to be worth $20 million.

As per Bombay Stock Exchange data, Galleon through its various funds, is a shareholder in financial services firm Edelweiss Capital and engineering entity Shriram EPC. While the hedge fund has little over 7 per cent stake in Edelweiss, it holds more than 4 per cent in Shriram. According to Edelweiss Capital’s shareholding pattern, two funds of Galleon together have 7.04 per cent shareholding in the company, as on June quarter.

As on September quarter, Galleon held 4.60 per cent stake in Shriram EPC. The shareholding is through Galleon Special Opportunities Master Fund Spc Ltd — Asian Crossover Segregated Portfolio. Moreover, Galleon group had also invested in the pre-IPO placements of Anil Ambani Group firm Reliance Infratel last year. Reliance Infratel has filed its draft prospectus with the market regulator Sebi in September.