Mittal Steel on Friday announced that it had bought a 37.17 stake in Hunan Valin Steel Tube Wire, a subsidiary of Hunan Valin Iron & Steel of China for $314 million.
Lakshmi Mittal tops the list, Azim Premji ranks second while third are the Ambani brothers. The 40 richest people in India have a total net worth of over $60 billion.
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