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Private Equity | 27 November 2012

Patni Brothers - Amit And Arihant Acquire Stake In Grameen Capital

by Paritosh Gajjar
 
@Paritosh
Amit Patni and Arihant Patni have acquired around 43% stake in social investment bank, @Grameen_Capital.

The stake is bought from former investor IFMR Trust.

The former @Patni_Computer’ promoters have made the voluntary investment with no expectation of commercial returns, as stated by Arihant.

L&T Finance To Sell Federal Bank Stake

L&T Finance Holdings Limited is planning to raise around $65 Mn by selling its 4.67% stake in Federal Bank, a Reuter’s piece stated.

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Tyre Maker Ceat Plans Fund Raise

Ceat Limited is planning to raise upto INR 5,000 Mn through issue of securities including Equity Shares or FCCB or ADR or GDR or fully or partly convertible debentures, NCD, preference shares convertible into equity shares or any other equity linked securities.

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