Article: SRF to acquire Baroda Industries

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 ...

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