Friday, 10 April 2015

Sensex Under Pressure : Pharma Stocks Slip, Idea Gains 3%

Posted by suhani varma on Friday, April 10, 2015 with No comments

Nuziveedu Seeds, in which the Blackstone Group holds a 25 percent stake, is set to file for a market listing to raise up to USD 200 million, report media quoting unnamed sources. Nuziveedu, which could file as early as next week, has hired JPMorgan, JM Financial Services and Axis Capital as lead managers, the sources said. They declined to be named as the information is not yet public. Blackstone, which invested USD 54 million in the company in 2008, will make a part-exit with a near four times return on a seven-year-old investment. One other source said the filing could be completed within a week.

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