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Sovereign Wealth Funds Briefing - Categorized | Investment

How the Singh brothers bagged S$116 mln profit

Posted on 28 July 2010

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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