warburg stake in hdfc at 6.6 per cent
mumbai: warburg pincus equity fund has bought 6.6 per cent of the equity of housing development finance corporation from the secondary market. investments in hdfc by foreign institutional investors is currently at 30 per cent.

warburg will have to get clearance from the foreign investments promotion board for declaring its investment as non-portfolio investment.
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united india too to invest in 'infotech'
chennai: united india insurance company wants to sustain a 15 per cent business growth during the financial year 1999-2000. it will also set aside a sum to invest in information technology.

the company will be investing rs.100 crore in computerising its 1,100 branches by april 2001. it has set up a restructuring committee comprising former union finance secretary, k p geethakrishnan, former gic chairman, ashok goenka, c n ramachandran, a chartered accountant and former general manager, united india, t g menon.