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Vinod Khosla-backed Praj Picks 50.2% In Neela Systems For Rs 64Cr

BY  TEAM VCC
Praj Industries is also backed by Rakesh Jhunjhunwala and Norwegian sovereign wealth fund.

Engineering firm Praj Industries that makes ethanol equipments, has acquired a majority stake in Neela Systems Limited (Neela) for approximately Rs 64 crore($ 12 million), valuing the privately held water treatment firm at Rs...

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