Sumeet Nagar’s hedge fund buys into speciality chemicals maker

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Malabar Investments, an India-focussed hedge fund, has bought a minority stake in a publicly listed speciality chemicals manufacturer. Sumeet Nagar-led Malabar bought about 1.05 million shares, or a 4.48% stake, in Neogen Chemicals Ltd on the stock markets. The investment firm bought the shares from Neogen founders Haridas Kanani and Beena Kanani ......