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Discount’s Adama stake sale to ChemChina to hike revenues

  Bloomberg Discount Investment Corp. is poised for the biggest increase on record after entering into an accord to sell its remaining stake in Adama Agricultural Solutions Ltd., the world’s largest maker of generic agro-chemicals, to China National Chemical Corp. Shares in Discount leaped 23 percent to 10.94 shekels in Tel Aviv in 21 times the 3-month average daily volume. ...

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Biggest mortgage lender opens market for Indian Masala bonds

  Bloomberg India’s first Masala bond from Housing Development Finance Corp, the nation’s biggest mortgage lender, opens the door for other high-quality issuers to tap the nascent offshore rupee-debt market, according to Credit Suisse Group AG and Nomura Holdings Inc. HDFC sold 30 billion rupees (US$447 million) of three-year, one-month notes at an annualized yield of 8.33 percent, compared with ...

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DCM Ventures raises US$770mn with Asian tech backing

  Bloomberg Some of Asia’s biggest technology companies are backing the latest fund from DCM Ventures, extending the corporate venture boom that hit a 15-year high last year. DCM Ventures had completed a final close of its primary fund at US$500 million and had wrapped up two separate funds: a US$100 million vehicle for fledgling startups using emerging platforms such ...

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