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Tuesday, Jan 04, 2005

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GMO picks up stake in IVRCL

Our Bureau

HYDERABAD: GMO Emerging Markets Fund (GMOEMF) has informed the bourses on Monday that Grantham account's GMOEMF and two separate accounts managed by GMO have acquired 11,28,450 shares aggregating 6.65 per cent of the total share capital of IVRCL Infrastructures & Projects Ltd on December 16, 2004.The mode of acquisition is through secondary market.

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