Action Construction Equipment (ACE) is in advanced talks to acquire a Chinese company. The cost of this acquisition would be around Rs 40-50 crore. Sorab Agarwal, managing director of the company, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, mentioned that the Chinese company is in the similar trade as ACE.
first published: Jul 19, 2011 04:00 pm
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