A mix of foreign and domestic funds such as GE Capital, Deutsche Asset Management, SBI, HSBC, Tata MF and UTI MF have picked up a 13% stake in construction firm Simplex Infrastructure for Rs 400 crore. They acquired the stake through the QIP route. The company has placed the shares with the funds at Rs 625 per share. "We will use funds for capex to purchase construction equipment and other expansion activities," said Simplex Infra executive director NK Kakani.
Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More
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