The Times Of India, 4 Nov 2008, Reeba Zachariah
" Some of the prominent deals included Temasek's investment of $1.2 million in Airtel, Citi and Carlyle bought a pie of HDFC for $754 million and a clutch of foreign and domestic financial institutions invested $960 million in GMR. While media has seen the highest decline of 80% followed by infrastructure at 76%, telecom had the least impact. Temasek has seen a decline of 22% in MTM valuation of its investment in Airtel. It acquired Airtel's share at a price of Rs 565, which later declined to Rs 534. Or take the case of Blackstone's investment in Nagarjuna Constructions. The fund bought a pie of the infra company at a price of Rs 225 per share in 2007 and, later, the south-based firm's stock touched Rs 43 levels. "
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