Birla Tyres plant acquisition talks ‘speculative’, says Kesoram Industries

20th January 2015 | 0 Comments

An article published by Indian financial daily The Economic Times, which claims MRF Tyres is in advanced discussions with Kesoram Industries over the purchase of its tyre making facility in Laksar, Uttrakhand state, has been labelled “purely speculative in content” by Kesoram Industries. In a letter sent to the Bombay Stock Exchange on 20 January, company secretary Gautam Ganguli stated that the news of negotiations was “based entirely on speculation and conjecture.” Kesoram sent a similar letter to the newspaper a day earlier.

The rest of this article is for subscribers only:
Log inSubscribe

Tags: , , ,

Category: Company News, International News

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]