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Decks cleared for CIL's acquisition plans
01 Dec 2011
1 Min Read
Editorial Team
Coal India Ltd (CIL), which was facing procedural hurdles for its overseas acquisition plans, is finally getting a relief. The Finance Ministry has assured the firm that the rule of a minimum 12 per cent internal rate of return (IRR) for acquisitions and also bar on unlisted companies will no longer be there as it can go ahead with such plans. Hence CIL can now go for unlisted firms to acquire but with the Ministry's approval.
Contact: Coal India.
Tel: 033-2248 8099.
Fax: 033-2243 5316.
Website: www.coalindia.in
Contact: Coal India.
Tel: 033-2248 8099.
Fax: 033-2243 5316.
Website: www.coalindia.in
Coal India Ltd (CIL), which was facing procedural hurdles for its overseas acquisition plans, is finally getting a relief. The Finance Ministry has assured the firm that the rule of a minimum 12 per cent internal rate of return (IRR) for acquisitions and also bar on unlisted companies will no longer be there as it can go ahead with such plans. Hence CIL can now go for unlisted firms to acquire but with the Ministry's approval.Contact: Coal India.Tel: 033-2248 8099.Fax: 033-2243 5316. Website: www.coalindia.in
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