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India round-up: ATC plots Viom merger; Videocon upgrades to EDGE;...
2014-12-01 13:27:38| Steel - Topix.net
According to unnamed sources close to the transaction, will buy out minority shareholder Srei, which hold an 18.5% stake in Viom, as well as purchasing a chunk of the shares currently held by Tata Group, the latter set to reduce its stake from 54% to 26%-30%. is also expected to scoop up shares from a number of small stakeholders to gain majority ownership of the firm.
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