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After Vodafone stake buy, Piramal to rely on borrowings
Piramal Healthcare Ltd will rely on borrowings for future buys and investments as it will finish its cash pile after raising stake in mobile operator Vodafone's India unit, senior company officials said. Piramal Healthcare will buy 5.5 percent more stake in Vodafone India for about 30 billion rupees, taking its total stake in the mobile phone company to about 11 percent, it said over the weekend.
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