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Warburg picks 7% in Dainik Bhaskar

Our Bureau

Mumbai, March 30

Global private equity fund Warburg Pincus is believed to have picked up seven per cent stake in Hindi newspaper Dainik Bhaskar for a consideration of Rs 150 crore. The Bhaskar Group and Warburg Pincus have reached an agreement to this effect, market sources said.

At the moment there is no other foreign holding in Dainik Bhaskar, they said.

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