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Tata International to buy out TN co

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Noel Tata is taking Tata International on the acquisition route just six months after being at the helm of the Rs 1,000-crore trading company.

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Tata International is set to acquire up to 74% stake in Tamil Nadu-based Bachi Shoes, which is a significant player in the finished leather and footwear exports
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Tatas may be investing over Rs 130 crore for picking up majority shares, while the Bachi family would remain in active management with a sizeable stake.
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Bachi Shoes, with revenue topping Rs 200 crore, will be operating as a joint venture firm
Bachi Shoes has a production capacity of nearly 10,000 pairs daily.
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Thanks for this strategic news keep us updated on such more useful news.
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Abhishek Dua

@abhishekdua

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Created Monday, 13 December 2010 12:20
Last Updated Tuesday, 30 November -0001 00:00
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