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Wednesday, May 30, 2007
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FINO secures Rs 80-cr funding

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Mumbai May 29 Financial Information Network and Operations Ltd (FINO), a Mumbai-based biometric enabled smart card solutions provider, has received an equity financing of Rs 80 crore from private sector banks, public sector banks and international investors.

They include ICICI Bank, ICICI Lombard and IFMR Trust, while the public sector equity investors include LIC, Union Bank of India, Corporation Bank and Indian Bank, IFC,Legatum Financeand Intel Capital.

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