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Patni promoters to set up a VC fund: Sources

Published on Fri, Nov 27, 2009 at 20:26 |  Source : CNBC-TV18

Updated at Fri, Nov 27, 2009 at 20:29  

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Patni promoters to set up a VC fund: Sources

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Ashok, Gajendra Patni plan to set up a venture capital fund, sources told CNBC-TV18's Kritika Saxena. They are looking at raising Rs 300 crore, of which they have already raised Rs 80 crore through a 1.5% stake sale since November 19. Ashok, Gajendra, and Narendra Patni own 48% in Patni. While the company said it would not comment, Ashok and Gajendra Patni remained unavailable for comments.

  

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