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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (999)	3/3/2000 8:38:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

OT India's Global Tele Sells 1.26% More in Unit for 500 Mln Rupees gtl.co.in 3/3/00 4:04:00 AM Source: Bloomberg News Mumbai, March 3 (Bloomberg) -- India's Global Tele-Systems Ltd. sold an additional 1.26 percent of Global Electronic Commerce Services Ltd., a privately held unit, to mutual funds. Global Tele-Systems -- which develops, manufactures and sells telecommunications products and systems -- received 500 million rupees ($11.4 million) from the Morgan Stanley Mutual Fund and India Magnum Fund. Global Tele-systems will use the money to repay debts incurred in its e-commerce projects. In December, the company sold 5 percent of its 12.4 percent stake in Global Electronic, which develops e-commerce solutions for the telecommunications company. The promoters of Global Tele own 40 percent of Global Electronic. Global Tele, which has risen 174 percent this year, rose 8 percent to 2,627 rupees on the Mumbai stock exchange.