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To: Mohan Marette who wrote (159)	2/15/2000 4:31:00 PM
From: Mohan Marette	Read Replies (1) of 494

India Banking News -HDFC to take stake in net firm-HSBC's 2nd equity fund HDFC and HDFC Bank to take 50% in Internet solutions firm (Wednesday, February 16, 2000) Our Banking Bureau in Mumbai Financial intermediary HDFC and HDFC Bank are together to take a 50 per cent stake in Chennai-based Net Savvy Solutions, an e-commerce solutions provider. The total stake is worth about Rs 2 crore. business-standard.com HSBC setting up second pvt equity fund (Wednesday, February 16, 2000) Amit Prasad in Mumbai HSBC is setting up of a second private equity fund in India with a corpus of $100 million. The fund is expected to be in place by the end of this year. The first such fund managed by its subsidiary, HSBC Private Equity Management Mauritius, with a corpus of $60 million, has already invested around $30 million. business-standard.com

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