![]() Financial Daily from THE HINDU group of publications Saturday, Sep 06, 2003 |
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Disinvestment Industry & Economy - Disinvestment Tata Chem not to bid for NFL Our Bureau
Mumbai , Sept. 5 TATA Chemicals Ltd (TCL) on Friday informed that it had decided not to submit a formal bid for National Fertilizers Ltd (NFL) and an official letter to this effect was sent prior to the closure of the bidding process. When contacted, Mr Prasad Menon, Managing Director, TCL, said the company had studied the proposal and "at the end of analysis, decided not to submit a bid".
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