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    Tuesday, November 11, 2008

    IDBI in Talks to Buy 25% Stake in GE-India's Equipment Finance Business


    From: http://www.indiatimes.com/

    "New Delhi: Industrial Development Bank of India (IDBI) is learnt to be in talks with GE Commercial Finance (GE), the financial arm of GE, to pick up around 25% stake in the latter’s construction equipment finance business in India. Infrastructure Development Finance Company (IDFC) will also hold around 35% stake in it."

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    Interesting news.

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