Tuesday, January 27, 2009

France's BIC acquires 40% in India's Cello Pens for US$160 mln

With a view to extend its footprint into Rs. 2000 cr Indian stationary items market, BIC - France's stationary products manufacturer - has paid US$160 mln (approx. Rs 800 cr) to acquired 40% stake in India's Cello Pens.

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