|
|
Article: SRF to acquire Baroda Industries
- Article from:
- The Hindustan Times
- Article date:
- May 25, 2008
CopyrightCopyright © HT Media Ltd. All Rights Reserved. Provided by ProQuest LLC. (Hide copyright information)
|
Arun Kumar
Hindustan Times
NEW DELHI, India, May 25 -- SRF Ltd, India's largest tyre cord company, is set to acquire Thailand-based Thai Baroda Industries Ltd. The approximate cost of this acquisition: Rs 200 crore.
SRF is the flagship company of Arun Bhart Ram Group. In the last fiancial year ending March 2008, it reported a turnover of Rs 1,615 crore with a profit of Rs 139 crore. According to a banker close to the transaction, SRF has completed the due diligence and likely to announce the transaction shortly.
Thai Baroda Industries was originally an Indo-Thai joint venture ...