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Chambal to sell stake in Birla Home

MUMBAI, MARCH 9. Chambal Fertilisers and Chemicals is to sell off its entire shareholding of five crore equity shares in Birla Home Finance to its joint venture partner BHW Holding of Germany for Rs. 110 crores.

The proposal was approved by its board today, subject to necessary approvals, the K K Birla group company informed Bombay Stock Exchange. The Delhi-based Birla Home Finance is a 50:50 joint venture company between CFCL and BHW Holding.

PTI

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