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Tube Investments of India has said the divestment of 4.18 crore shares of Chola MS in favour of MSI, Japan, has been completed on March 31. The company has received ₹882.67 crore through the stake sale (at ₹211 a share). Consequently, the company’s shareholding in Chola MS has reduced to 60 per cent from about 74 per cent and that of MSI has increased to 40 per cent. The announcement was made to the bourses after market hours.
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