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Malaysia's Khazanah unit selling $80 million in shares in IDFC Bank - term sheet

Reuters  |  SINGAPORE 

(Reuters) - A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around $80 million worth of in Indian private lender Bank, according to a term sheet seen by on Tuesday.

Sipadan Investments (Mauritius) Ltd, the Khazanah arm, is selling about 80.4 million in in a block trade, with a price range of 68.25 rupees to 71.10 rupees apiece, the term sheet showed.

The deal will be priced on Wednesday.

On Tuesday, rose 1.5 percent to end at 71.10 rupees.

(Reporting by S. Anuradha of IFR; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Malaysia's Khazanah unit selling $80 million in shares in IDFC Bank - term sheet

SINGAPORE (Reuters) - A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around $80 million worth of shares in Indian private lender IDFC Bank, according to a term sheet seen by Reuters on Tuesday.

(Reuters) - A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around $80 million worth of in Indian private lender Bank, according to a term sheet seen by on Tuesday.

Sipadan Investments (Mauritius) Ltd, the Khazanah arm, is selling about 80.4 million in in a block trade, with a price range of 68.25 rupees to 71.10 rupees apiece, the term sheet showed.

The deal will be priced on Wednesday.

On Tuesday, rose 1.5 percent to end at 71.10 rupees.

(Reporting by S. Anuradha of IFR; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Malaysia's Khazanah unit selling $80 million in shares in IDFC Bank - term sheet

(Reuters) - A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around $80 million worth of in Indian private lender Bank, according to a term sheet seen by on Tuesday.

Sipadan Investments (Mauritius) Ltd, the Khazanah arm, is selling about 80.4 million in in a block trade, with a price range of 68.25 rupees to 71.10 rupees apiece, the term sheet showed.

The deal will be priced on Wednesday.

On Tuesday, rose 1.5 percent to end at 71.10 rupees.

(Reporting by S. Anuradha of IFR; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22