Tuesday, December 22, 1998
Tatas up Telco stake; FIs defer decision on ACC
Even as financial institutions on Monday decided to put off the final decision on the issue of proposed preferential allotment to the Tata group in Associated Cement Companies (ACC), Tata group chairman Ratan Tata said the group has been increasing its stake in Telco as it is done in other major group companies.
MRPL plans separate marketing network
Mangalore Refinery & Petrochemicals Ltd (MRPL), the joint sector company between Hindustan Petroleum Corporation Ltd (HPCL) and Aditya V Birla group, is in the process of setting up its own marketing network in the near future to meet the challenges of the decontrolled price regime.
Govt plans amendments in MRTP Act
The government is contemplating modification in the Monopolies and Restrictive Trade Practices (MRTP) Act in line with the changes in the takeover code.
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