Financial Daily from THE HINDU group of publications
Tuesday, Mar 30, 2004

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Groupe Chimique buys 5 pc stake in GFCL

Our Bureau

Hyderabad , March 29

GROUPE Chimique Tunisien has informed the stock exchanges that they have acquired 16-lakh equity shares constituting 5 per cent of the equity capital of Godavari Fertilisers and Chemicals Ltd (GFCL) from Coromandel Fertilisers Ltd (CFL). The exchanges were informed that the equity shares were acquired on Monday from CFL after obtaining approval from the Foreign Investment Promotion Board and the Reserve Bank of India.

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