ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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New India Fisheries

NEW INDIA FISHERIES' controlling interest has changed hands. Vaz For-warding of Bombay has acquired, by-private negotiation, from Greaves Cotton its entire shareholding com-prising about 38 per cent of NIFs share capital and has also negotiated for the acquisition of another 16 per cent from ICICI. Greaves Cotton had taken over the management of NIF at the instance of ICICI and Bank of India in June 1972, when it was in an extremely difficult financial situation. It is now in a healthy financial condi-tion. Greaves Cotton had high hopes

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