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COPYRIGHT 2006 Asia Pulse Pty Ltd
NEW DELHI, Oct 31 Asia Pulse - Highlights of today's newspapers:
THE ECONOMIC TIMES
- Venture funds and private equity (PE) firms often dream of waking up in the morning to a multi-bagger-- an investment that delivers returns that are many times the invested money. On Monday, the management team at CVC International, the private equity arm of Citigroup, experienced just that, when it sold a part of holding in Suzlon Energy for Rs 8.01 billion. It had earlier realised Rs 1.85 billion during the IPO. CVC International had invested Rs 1 billion into the company in March 2004, but half of this investment was debt, which was returned to the investor before Suzlon went public. Its...
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