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BPL to transfer CTV business

MUMBAI, JULY 27. In a proposed joint venture, BPL will transfer its colour television business to the Japan-based Sanyo Electric Company for $80 million. The company's board also approved a proposal to invest up to $10 million in the share capital of the proposed joint venture, BPL informed the National Stock Exchange here today.

The company would enter into appropriate agreements with Sanyo Electric Company for the venture, it added. — PTI

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