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TFL bids for HLL’s marine food unit

TFL bids for HLL’s marine food unit
PTI
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First Published: Fri, Jun 08 2007. 10 46 PM IST
Updated: Fri, Jun 08 2007. 10 46 PM IST
Temptation Foods Ltd (TFL), a supplier of frozen fruits and vegetables, said in a filing to Bombay Stock Exchange that it has bid to acquire the marine food business of Hindustan Lever Ltd. The company also said it plans to raise Rs 150 crore through Qualified Institutional Placements (QIP) of shares to fund its acquisition. It added that this is subject to shareholder approval.
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First Published: Fri, Jun 08 2007. 10 46 PM IST
More Topics: TFL | HLL | Corporate News | Sector Spotlight |