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Monday, May 16, 2011
Excel Infoways Ltd: Investment
Excel Infoways Ltd has informed BSE that the Company has invested fund in Excel Infra N Realty Ltd., a group company of the company by way of purchasing equity shares. The investment has been made by purchasing 26000 equity shares of Rs. 10/- each of Excel Infra N Realty Ltd., aggregating to 52% share capital of Excel Infra N Realty Ltd, thereby making it subsidiary of the company.
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