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Global Infrastructure Partners takes a haircut from India thermal power bet

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Global Infrastructure Partners takes a haircut from India thermal power bet
Credit: Pixabay

Dainik Bhaskar Group’s DB Power Ltd has repurchased Global Infrastructure Partners’ (GIP) stake in its thermal power business for Rs 400 crore, in a deal that has facilitated the investor’s exit, two people with knowledge of the deal said.  The buyback was funded through the company’s internal accruals, the people cited ......

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