Is Moser Baer Indian company?
Moser Baer was an Indian multinational manufacturer of optical discs, storage devices, CDs, DVDs, based in New Delhi. The company was present in over 100 countries, serviced through 15 marketing offices and representatives, and had tie-ups with other optical media storage manufacturers.
Who is the owner of Moser Baer?
Deepak Puri
Deepak Puri is the founder, chairman and managing director of Moser Baer, which was liquidated in 2018 due to insolvency. Puri initially worked as junior executive with the oil company ESSO – in 1962 at Kolkata, and later with Shalimar Paints.
What is Moser Baer share?
1.05. Today’s Open (Rs.) 1.05. Trade Value. 101172.
What happened to Moser Baer share?
NEW DELHI: Leading stock exchanges BSE and NSE have decided to suspend trading in the equity shares of Moser Baer India, a manufacturer of CDs and DVDs, from October 11 following the commencement of liquidation proceedings.
What happened to Moser Baer shares?
What will happen to Lanco Infratech shareholders?
In the process, the shareholding of public shareholders was cancelled. According to the resolution, the entire existing issued, subscribed and paid-up share capital (both equity and preference) of the company was cancelled and extinguished with effect from December 16, 2019, leaving investors with zero value.
What is present status of Lanco Infratech?
Fundamentally, Lanco Infratech has no assets,” said Venkataraman Renganathan, managing director with Alvarez & Marsal’s Restructuring and Turnaround practice. In August 2018, liquidation of Lanco Infratech was announced under the Insolvency and Bankruptcy (Liquidation Process) Regulations.
Who is buying Lanco Infratech?
Adani Power buys Lanco Infratech’s Udupi thermal power plant Lanco Infratech, which has a market capitalisation of Rs 2,054 cr, said it will receive Rs 2k crore in cash and transfer debt of about Rs 4,000 crore to Adani.
Who owns Lanco Infratech?
In 2002, Madhusudhan Rao took over as the Chairman of Lanco Infratech Ltd., when the founder Chairman, his brother L Rajagopal opted for active politics. In the next few years, under Madhusudhan Rao’s leadership, Lanco emerged as one of India’s fastest growing business conglomerates.
Why did Lanco fail?
Most Indian infrastructure and energy conglomerates are modelled around a holding company structure, with complex holding across several project level special purpose vehicles (SPV)s. The hitch was, Lanco Infratech had failed to keep debt commitments and the stress eventually trickled down the entire structure.
Who owns Lanco?
Who bought Lanco Infratech?
Gautam Adani
Gautam Adani-led Adani Group has finally acquired Lanco Infratech’s 1200 MW Udupi power plant for an enterprise value of Rs 6,300 crore.
What is the full form of Lanco?
LANCO is an acronym for Lagadapati Amarappa Naidu and Company and is tribute to his vision and ideals.