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Tatas to pick up stake in DCB

KOLKATA: Tata Capital Limited and Tata Investments would jointly pick up 4.5 per cent stake in Development Credit Bank (DCB) for around Rs. 85 crore. The bank would make a preferential allotment of shares to five specific group of investors, including the Tatas, for Rs 300 crore, DCB Managing Director and CEO Gautam Vir told reporters here on Monday.

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