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Sunday, Feb 17, 2002

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Price bids for Jessop opened

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NEW DELHI, Feb. 16

THE price bids of the two bidders, Titagarh Industries Ltd and Ruia Coatex, for acquiring 72 per cent of the Government's stake in the state-owned Jessop & Company Ltd were pened by the Government today.

The Ministry of Disinvestment will now be approaching the Board for Industrial and Financial Restructuring (BIFR) to seek its approval in the sell-off of Jessop. The company had been referred to BIFR when it turned sick.

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