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Hinduja sells 5.1 per cent stake to Hutch

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  • Published On: June 30, 2006
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The top brass of Hinduja TMT took a big decision to finally get out of Hutch. The company has sold its 5.11 per cent stake to Hutch Telecom India Ltd (HTIL) for an all-cash deal of $450 million (Rs 2025 crore). But most crucial is that now Hutch is in control of the company with a 54 per cent holding and the next step could be the delayed IPO.
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