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Premji Invest in talks to pick up big stake in Bank of Baroda’s Nainital Bank
Premji Invest, the family office of Wipro founder Azim Premji, is in advanced talks to acquire a majority stake in Nainital Bank, which is a subsidiary of the publicly owned Bank of Baroda, three people aware of the discussions said. The proposed investment is likely to value the Uttarakhand-based lender at around Rs 800 crore, they added.“Premji Invest has signed a term sheet and the due diligence process is over. However, the final decision is yet to be made on the acquisition,” according to...
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‘Be kind’: Ben White’s agent makes appeal to Arsenal defender’s critics
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