Malabar Trading Company has received an approval to acquire strategic majority stake in IADFAC Laboratories (ILPL). Pursuant to the said acquisition ILPL would become its subsidiary with substantial holding. The board at its meeting held on February 22, 2012 has approved for the same.
Further, the board has authorized managing director to take all steps to complete the acquisition.
IADFAC Laboratories is a company engaged in lab testing of dairy and food products. ILPL has ISO 17025 Certification, BIS, Egmark & more. It has some blue-chip clients in its fold like Wipro Technologies, SAP Systems and Hindustan Unilever and many more.
Malabar Trading Company is primarily an online tea store offering a wide range selection of premium single estate loose leaf teas, signature chai blends, unique herbal tisanes and tea accessories.
Company Name | CMP |
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Adani Enterprises | 2888.00 |
Redington | 211.00 |
Amrapali Industries | 14.40 |
Rashi Peripheral | 314.50 |
Compuage Infocom | 4.36 |
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