Sistema to venture in real estate business in India

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New Delhi, Feb 12 (UNI) Sistema, the largest public diversified corporation in Russia and the CIS, will be venturing in the Indian real estate business, a company official said.

Sistema's president and CEO Alexander Goncharuk said, ''We are entering into real estate bsuiness. We might have partners but have not decided yet.'' The company currently holds 51 per cent stake in the Shyam Telelink, which last month received licences to launch services across the country and plans to increase the stake to 71 per cent.


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