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Tuesday, Jul 26, 2005

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Novopan to sell US subsidiary

Our Bureau

Hyderabad , July 25

THE board of directors of Novopan Industries Ltd (NIL) at its meeting held on Sunday had decided to sell investments its wholly owned foreign subsidiary company - GVK America Inc. The company informed stock exchanges that the board has authorised the NIL chairman to sell the said investments at not less than $17,00,000.

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