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    Nirma Washed Out!

    Nirma‘s 7-year battle is finally over. The company made an open offer but after discovering it was unviable asked to permission to withdraw it. SEBI said no, SAT said no and this month the Supreme Court said no as well on grounds that such a practice will destabilize the securities market.

    first published: Jun 1, 2013 04:27 pm

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