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Spinnaker funds raise stake in Sanghi

MUMBAI: Three investment funds, managed by the Spinnaker Capital Group, have acquired 11,625 shares of Sanghi Industries, following an open offer made to the company's shareholders, taking their total stake to 25.24 per cent. Spinnaker Global Opportunity Fund, Spinnaker Global Emerging Markets Fund and Spinnaker Global Strategic Fund acquired the shares at a price of Rs. 18.50, Sanghi Industries said.

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