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Investors sell stake in CUGL to Indraprastha Gas

Investors sell stake in CUGL to Indraprastha Gas

IDFC Private Equity, IL&FS Investment Managers and the Asian Development Bank (ADB) sold their cumulative 50 percent stake in Kanpur-based Central UP Gas (CUGL) to Indraprastha Gas for about Rs 70 crore. These three organisations invested Rs 30 crore in CUGL in 2006. While IDFC Private Equity and IL&FS Investment Managers held 15 percent stake each, ADB held 20 percent stake

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IDFC PE to invest in Staragri

IDFC PE to invest in Staragri

IDFC Private Equity will invest Rs 150 crore in Jaipur based Staragri Warehousing and Collateral Management.Staragri proposes to utilise the fund to expand its warehousing capacity to 30 lakh tonne in three years from the current 10 lakh tonne.The company will target to set up warehouses at taluk level in Tamil Nadu, Karnataka, Andhra Pradesh, Orissa and Chhattisgarh.