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Wednesday, June 9, 2010

Bajaj Finserv: not in talks with Berkshire for stake sale

"We are not in talks with Berkshire for stake sale, nor aware of any plans by them to invest into our company," a company spokesman told Reuters.

Indian financial news portal vcircle.com reported that Berkshire may pick up about 5 to 10 percent in Bajaj Finserv, the holding company of insurance entities Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance, from the open market.

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