Tata Tea does away with consortium, settles for multiple banking
Tata Tea has disbanded the State Bank of India-led consortium of 11 banks and has opted for multiple banking relationships with 6 others. The tea major has snapped ties with five consortium members, including Hongkong Bank.
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Manali Petrochemicals draws shareholders flak
A section of the shareholders of Manali Petrochemicals (MPL), a part of the Spic group, expressed their unhappiness over the performance of the company and its inability to pay dividend for the eleventh consecutive year.
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