Bajaj Hindusthan’s Balrampur Chini bid got crushed before take-off
Bitterness had spilled over and out of the sweet world of the sugar barons onto the streets. Bajaj Hindustan, India’s largest sugar company, was reportedly interested in taking over its nearest rival Balrampur Chini, eyeing a 37 per cent stake. The latter’s promoters were willing to sell at the right price to anyone who was willing to buy at their rates.
This article was originally published on November 04, 2009.
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