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Valiant Capital presses part exit button on Pipavav Defence, encashes $16M

By Madhav A Chanchani

  • 26 Dec 2012

Valiant Capital Partners has sold a part of its stake in Pipavav Defence and Offshore Engineering Co Ltd, two years after investing in the firm. The San Francisco-based hedge fund has sold a 1.26 per cent stake in the company for Rs 86.11 crore ($16 million) on Thursday.Valiant Capital sold ......

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