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The board of directors of Nava Bharat Ventures has approved a move to form a special purpose vehicle in Singapore, which will see an investment of $11 million.
The board, which met today, approved the formation of special purpose vehicle (SPV) as a wholly-owned subsidiary of the company in Singapore to pursue emerging business opportunities, including healthcare-enabled services abroad.
The company in a regulatory filing to BSE, has informed that the board also approved co-option of Ashwin Devineni as an Additional Director and Non-Executive and Non-Independent on the board with immediate effect.
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