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Franklin raises stake in Noble to 5.03%

Shares surge; Religare Capital calls group 'the bargain of the decade'

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GLOBAL investment firm Franklin Templeton has become a substantial shareholder of Noble Group after picking up its shares on the cheap.

Singapore

GLOBAL investment firm Franklin Templeton has become a substantial shareholder of Noble Group after picking up its shares on the cheap. The fund manager had on Wednesday bought 2.5 million shares for S$712,500, or 28.5 cents a share, through the market, Noble said in an exchange