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MVL PLANS TO INVEST Rs245 CRORE IN TELECOM (to acquire majority stake in MVL Telecom).

India Business Insight

| September 30, 2010 | COPYRIGHT 2001 Silverline Information Systems Pvt. Ltd. (Hide copyright information)Copyright

The board of directors of MVL Limited has decided to acquire majority stake in MVL Telecom with an investment of Rs245 crore. Of this, Rs120 crore is equity infusion and Rs125 crore is intended to start a handset manufacturing …

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