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News digest: FPI portfolio limits, Prabhat's milk biz, Sun stock, and more

Global dairy major Lactalis will buy Mumbai-based Prabhat's milk business in its third acquisition in India

Sun Pharma
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FILE PHOTO: A bird flies past the logo of Sun Pharma installed on the facade of its corporate office in Mumbai | Photo: Reuters

BS Web Team
Sun co-promoter may quit race for Jaypee Infratech

Suraksha Asset Reconstruction, owned by Sudhir Valia (pictured), a co-promoter of Sun Pharmaceutical Industries, is likely to drop out of the race for Jaypee Infratech, according to sources. Read more...

RBI refuses to budge on FPI portfolio limits

The Reserve Bank of India (RBI) is reluctant to relax portfolio-level limits it introduced for foreign portfolio investors (FPIs) last year. Read more...

Lactalis buys Prabhat’s dairy biz for Rs 1,700 cr

Global dairy major Lactalis will buy Mumbai-based Prabhat’s milk business in its third acquisition in India. Read more...

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