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| | The Hindu Business Line : Maxis of Malaysia, Apollo hospitals promoters buy out Aircel for Rs 4,860 cr |
 | | MAXIS Communications Berhad of Malaysia, a leading telecommunications company, and the Chennai-based Reddy family, the businesses founded by them include the Apollo hospitals group and Indo-National, have together bought out Aircel, the cellular operations of the C. Sivasankaran-promoted Sterling group. |
 | | According to a press release from Maxis Communications, Maxis and a joint venture to be formed by it with the Reddy family will together invest $1.08 billion (Rs 4,860 crore) of which $280 million (Rs 1,260 crore) will be injected into the company as cash. |
 | | The release quoted Maxis' chairman, Tan Sri Dato Megat Zaharuddin, as saying that this would be the largest Malaysian investment ever in India and it marked another milestone in Maxis' aspiration to be a regional communications player of choice. |
| www.thehindubusinessline.com /2005/12/31/stories/2005123103640100.htm (696 words) |
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