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Picks up stake in Elder Pharma

MUMBAI: Citigroup International Finance Corporation has picked up a 7.3 per cent stake in Elder Pharmaceuticals Ltd. Elder Pharma made a preferential allotment of 12.8 lakh shares to Citigroup aggregating 7.30 per cent stake, the company informed the National Stock Exchange here. Citigroup International Finance Corporation has also been allotted 4.50 lakh warrants, which is not part of the shares.

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