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TOP
STORY |
Tuesday, November 20, 2001
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FIs
to seek explanation from Grasim on L&T deal premium
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Financial institutions, which hold about 21.5 per cent
in Aditya Birla group company Grasim Industries Ltd, are set
to demand an explanation on the ‘due diligence’ undertaken by
the company for paying a premium of 47 per cent for acquiring
the 10 per cent stake held by Reliance Industries in engineering
and cement major Larsen and Toubro. |
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