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Premji Invest acquires 7% stake Fabindia

Fabindia has sold seven per cent stake in the company to Azim Premji’s Premji Invest for about Rs 125 crores to fund its proposed expansion plans. After selling 8 per sent stake to L Capital, the private equity arm of luxury conglomerate LVMH Group a month ago, this is the second move by the retailer to spread its network across the country....

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