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TGB Clarifies On Acquisition

May 21, 2014 by Admin Leave a Comment

  • Tata Global Beverages has made it clear that it has acquired a stake in Earth Rules Pty Ltd, and not Bronski. Stake was acquired from Bronski, who is the holding company of Earth Rules.
  • Earlier TGB had intimated the exchange that it had acquired a 100% stake in the equity capital of Australia-based Bronski Eleven Pty Ltd, and later clarified that the investment was made in Earth Rules Pty Ltd by its overseas subsidiary.
  • Read at: http://www.thehindu.com/todays-paper/tp-business/tgb-clarifies-on-acquisition/article6031262.ece?ref=sliderNews

Exams Perspective:

  1. What is a holding company?

Filed Under: Current Affairs Tagged With: and not Bronski., Tata Global Beverages has made it clear that it has acquired a stake in Earth Rules Pty Ltd, TGB had intimated the exchange that it had acquired a 100% stake in the equity capital of Australia-based Bronski Eleven Pty Ltd

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