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WL Ross mandates OCM to get rid of losses by ’13

US-based global private equity investor Wilbur L Ross owns 94 percent stake in the textile manufacturer OCM India. Now it has asked the company to get rid of all losses by March 2013. W L Ross had invested about $37 million (Rs 201 crores) in 2007. Though the overall accumulated losses are less than what the investor had invested in OCM,...