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First major acquisition by Indian tycoon since criticisms in short seller Hindenburg’s January report hit group’s stock market value
Indian group has sought lenders’ approval for disposal as it tries to boost investor confidence after fraud claims
Crisis-hit group’s sprawling infrastructure businesses pitched as a bet on India’s economic growth
Cement deal is biggest acquisition yet for Asia’s richest man
Dramatic hikes are viewed by many as a worrying trend to remove funds from emerging markets
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