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SoftBank, investors to acquire 20% Micromax stake - report

2015-03-27 12:45:00| Telecompaper Headlines

(Telecompaper) A group of investors led by Japanese mobile operator SoftBank is in talks to acquire a 20 percent stake in Indian smartphone maker Micromax Informatics for up to USD 1 billion, Reuters reports, citing two unnamed people aware of the negotiations. The investment would value Micromax at USD 5 billion, the sources added.

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