Moneycontrol PRO

business

Increasing promoter stake main motive behind AB Nuvo merger:Pros

The Rs 35,000 crore debt of AB Nuvo will have to be taken up by Grasim. This fact will not bode well with the shareholders, Sp Tulsian says. He has never seen such a negative move against the minority shareholders, he says.

first published: Aug 11, 2016 08:04 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347