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Investment deal

Published October 14, 2005
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KARACHI, Oct 13: Amaranth Advisors LLC, a US multi-strategy investment fund, will invest $25 million in WorldCall Group, says a press release. An agreement to this effect was signed between WorldCall Telecom Limited (WTL) and Amaranth Advisors on October 6. The transaction was structured as a hybrid security with the option to convert into the stock of WTL after consolidation of all telecom businesses. KASB Investment Banking was advising on this transaction.

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