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ICICI Bank acquires 8.89% stake in Karuturi Global for Rs 24.69 crore

19 Aug 2015 Evaluate

ICICI Bank has acquired 8.89% stake valued at over Rs 24.69 crore in leading rose exporter Karuturi Global. The bank has acquired 72,000,000 equity shares by way of invocation of pledge on August 17, 2015.

Karuturi Global is a leading producer of cut roses with operations spread across Ethiopia, Kenya and India. With over 292 hectares under greenhouse cultivation, the company annually produces around 555 million stems of quality cut roses for exports to high-value markets.



Karuturi Global Share Price

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