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Mahalaxmi Acquires Milan Ltd Assets by firozalam48202 is a document available to read on EtoBox.
Mahalaxmi Trading Inc. has partnered with Mahanayak Capital Group to acquire the assets of Milan Ltd for approximately INR 300 crore, with a cash payment of INR 250 crore and the rest in assumed liabilities. Mahalaxmi will hold a 55% stake in the new entity, while Mahanayak will own 45%, and the deal is expected to close in August 2011, pending regulatory approval. Milan, currently in insolvency, specializes in aluminum components for the automotive industry and aims to return to prominence with this acquis
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- firozalam48202
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- EN