Premji buys stake in Heritage Foods, Kotak India exits
Kotak India Value Fund has exited the remainder of its stake in Indian retailer Heritage foods to Azim Premji, chairman of Indian IT multinational Wipro, who has bought a 4.7% stake in the company.
The purchase was made through open market transactions in the Bombay Stock Exchange-listed company, promoted by Andhra-based politician N. Chandrababu Naidu. According to VCCircle, the stake was acquired...
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