VOL. XLII
No 45
8-November-1999
BAHRAIN
TAIB Exits From Silverline Holdings Inc.
TAIB Bank announced on 2 November that it had exited fromits private equity investment in the IT firm, Silverline Holdings Inc., whichhas a wholly-owned subsidiary in the US and owns an Indian IT company listed onthe Indian Stock Exchange. TAIB commenced incremental investment in Silverlinein January 1997. In September of this year its stake was purchased bySilverlines management group along with other US investors...
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