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Friday, Apr 04, 2003

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Kerala Govt share in Roots equity

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THIRUVANANTHAPURAM: The State Government has notified that its share in the equity of the Roots-NRK Development Initiative, a company formed to look after the affairs of the Non-Resident Keralites (NRKs), should not fall below 26 per cent share of the company's authorised share capital.

The notification further said that the rest of the equity may be reserved for the expatriates, an official spokesman said.

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