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Thursday, May 19, 2005
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 Corporate - Preferential Allotments


Mauritius co's plan for stake in Max India cleared

Our Bureau

New Delhi , May 18

THE Government today okayed the joint proposal from Mauritius-based Parkville Holdings Ltd and Ensley Ltd to acquire stake in Max India Ltd involving foreign direct investment worth Rs 337 crore.

According to the proposal, the foreign companies would acquire shares of the Indian company through the preferential allotment route as well as from the market through an open offer.

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