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DQ Shareholder Unloads Stake

Pictet Asset Management has sold its 8.46% stake in India’s DQ Entertainment, c21 Media reports.

The stake, which comprised three million DQE shares, made Pictet the company’s oldest shareholder. The sale took place despite a healthy increase in profits and revenues at DQE during its latest financial period, and was apparently related to a management change at Pictet.

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