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Article: BRIEFING - ASIA REAL ESTATE - AUG 7, 2009.

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AsiaPulse News
Article date:
August 7, 2009
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An executive briefing on real estate for Aug 7, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

PROMOTERS READY TO DILUTE STAKE FOR ACQUISITION: INDIA'S GODREJ

NEW DELHI - Chairman of Godrej Industries (BSE:500164) Adi Godrej on Thursday said the company would dilute stake in the company in case it finds a good acquisition opportunity.

"The group, as of October, will have 75 per cent promoter holding. So clearly we could dilute if we have to for a good acquisition," Godrej told CNBC TV 18.

PRESIDENT LEE SAYS S.KOREA WILL ...

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