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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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FreeCharge Secures Series B Funding

Freecharge, an online platform for recharge, utility payments, promotions and couponing, has raised $33 Mn (c.INR 2,000 Mn) from existing investor Sequoia Capital India along with new investors Belgium-based investment firm Sofina and Russian Internet and technology investor ru-Net. The Series B infusion will be taken to build up its transactional advertising offerings.

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