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HTMT completes stake sale in Hutchison Essar

NEW DELHI: Hinduja TMT Limited (HTMT), along with its 100 per cent subsidiary, InNetwork Entertainment Limited (INEL), has completed the sale of its entire stake in Hutchison Essar Limited. The company and INEL received the balance sale consideration of $219 million. "This stake sale has encashed a lot of shareholder value in the company, which will be utilised in the best possible manner to enhance shareholder wealth creation," said the company's Executive Chairman, Ashok P. Hinduja.

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