PETALING JAYA: Reclusive billionaire T. Ananda Krishnan may be raising money for his other businesses abroad by the sale of 375 million shares or a 5% stake in telecommunications network operator Maxis Bhd
for an estimated RM2.35bil.
Ananda, who holds a controlling stake in unlisted Maxis Communications Bhd, which in turn owns a 70% stake in Maxis Bhd, has been either selling off or planning to sell off stakes in various local operations of his business empire in recent months.
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