Sumeet Nagar-led hedge fund Malabar bets on chemical equipment maker

By Narinder Kapur

  • 08 Dec 2020
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Credit: Thinkstock

Malabar Investments, the India-focussed hedge fund led by former McKinsey & Co. executive Sumeet Nagar, is picking up a stake in a company that makes equipment for pharmaceuticals and speciality chemicals industries. The firm is buying a 5.29% stake in HLE Glascoat Ltd, which designs and makes carbon steel glass-lined equipment ......

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