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Peninsula Land boosts stake in Pavurotti Real Estate unit for 630,000 rupees

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Peninsula Land boosts stake in Pavurotti Real Estate unit for 630,000 rupees

Peninsula Land Ltd. increased its stake in Pavurotti Real Estate Pvt. Ltd. to 77% from 56% for 630,000 Indian rupees.

According to a Dec. 18 filing, the Indian property company made the investment following arms-length negotiations.

As of Dec. 19, US$1 was equivalent to 71.13 Indian rupees.