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Apparel

Binny Splits into Three

The three promoters of Binny -- M Ethurajan, M Nandagopal and V R Venkatachalam, have decided to part ways amicably. They will manage three different entities arising out of the demerger of Binny, which is listed on the stock exchanges. The trio had acquired Binny in 1987 when the sick company with its cotton and silk mills in Chennai and...

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