The Rs 2,000 crore SK Birla group has in its stable five companies - Mysore Cements, Cimmco Birla, Birla VXL, Siddhartha Soya and Saurashtra Chemicals.

Mr Birla said, "I have done whatever I had to five years back and I am not doing anything (to increase stake) right now."

Asked whether he did forsee any takeover threat of the type his family member BK Birla supposedly has seen recently, the chairman of the five companies said, "I am absolutely safe."

Though it was reported that up to 12 per cent of Kesoram shares were picked up by a Dubai-based investment banker, the BK Birla group had denied any information on any entity holding more than 5 per cent stake.

The present management's stake in Mysore Cements and Cimmco Birla was slightly over 30 per cent, a source close to Mr SK Birla said.

Most of the companies of SK Birla group were passing through a difficult stage in terms of financial performance except Saurashtra Chemicals. The stock prices of all the companies' scrips, including Mysore Cements at Rs 11.70 and Cimmco Birla at Rs 3.25, were reeling low. Shaurashtra Chemical closed at Rs 17 on NSE on Friday, while Siddhartha Soya share price was not quoted at all both at BSE and at NSE. Birla VXL closed last week at Rs 5.10.

(PTI)