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HC rejects plea against ITC amalgamation.
KOLKATA, Feb. 27 A DIVISION Bench of the Calcutta High Court dismissed the application of Mr Tamal Majumder, a shareholder of ITC Ltd, opposing the amalgamation of the company with ITC Bhadrachalam Paper Boards Ltd.
Mr Majumder filed a suit in the High Court opposing the amalgamation. Karur Vysya Bank also opposed the amalgamation because the financial assistance advanced to ITC …
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