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To: Mohan Marette who wrote (130)	2/14/2000 11:52:00 AM
From: Mohan Marette	Read Replies (1) of 494

U.K.'s Standard Life Co increases stake in HDFC 14-02-2000 15:37:42 Britain`s Standard Life Assurance Company has picked up an additional 0.84% stake in Indian housing finance firm Housing Development Finance Corporation (HDFC), the Bombay Stock Exchange (BSE) said today. The British company bought 1 million shares from the secondary market, HDFC informed the stock exchange. The latest acquisition will increase Standard Life's holding in HDFC to 5.83% from 4.99% currently. HDFC has a joint venture agreement with Standard Life for the insurance business in India and with its investment arm, Standard Life Investments, for the mutual fund business in India. Source: Reuters

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