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Manipal Tech: Manipal Tech, India's largest banking & smart cards manufacturer, looks to raise Rs 1,000 cr

​Initially, this proposed transaction will give an exit to a few minority shareholders - family members who own about 20% stake in the parent company MTL. Besides the secondary stake sale, about 5-10% primary shareholding will be sold to meet expansion plans, sources aware of the initiative told ET.
Ramdas Pai Gautham Pai Ranjan Pai Satish Pai Equity Program Indian School Of Business

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