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The curious case of UAE-based funds in India s small-cap bubble

Obscure offshore funds may have played a role in running up the share price of certain small-cap companies in India. Several of these funds have links with Hari Tibrewala, the Dubai-based ‘hawala operator’ said to be behind the Mahadev Online betting app scandal

Paragon Fine and Speciality Chemical off to a flyer, lists at 125% premium over issue price

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