28.07.2010 - How the Singh brothers bagged S$116 mln profit
From Rediff.com: By agreeing to sell their stake to Khazanah, the Malaysian sovereign wealth fund, for a profit of S$116 million (Rs 383 crore), the brothers have shown they are practical businessmen; their head is above their heart. The Singhs are rich people: they had sold their family firm, Ranbaxy, to Daiichi Sankyo of Japan in mid-2008 for almost Rs 10,000 crore. They have now chosen to bow out of a bidding war with Khazanah which could have bled them..............................................Full Article: Source
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