20 Oct 2021
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Nalanda acquires 19.9% in Vaibhav Gems
Deal worth US $35 million
By: Diamond World News Service
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Nov 3 2007 12:00AM
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Reference: 1953  

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Singapore based- Nalanda Capital has purchased 19.9% stake in Vaibhav Gems Ltd., a leading coloured gemstone exporter in India. The purchase was through Nalanda’s India Fund. The deal is valued as 14.9% shares of Vaibhav Gems in the form of Global Depository receipts and 5% through warrants, making the entire deal worth US $35 million, if warrants are executed. Nalanda Capital Pte. Ltd. will be represented by Nalanda Capital Founder and Manager Pulak Prasad on the VGL Board.

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