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Tuesday, September 23, 2008
No investments in FMPs having exposure to realty: Wipro
IT major Wipro has denied investments in fixed maturity plans, or FMPs, with an exposure to the realty sector. The company said it invests only in AAA rated fixed plans that do not have an exposure to the realty sector. Its June 30 investments in short-term funds stood at Rs 45.64 billion.
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