Introduction - Duke's Fuqua School of Business

On August 1, 1997 ICI and KMCC entered into an agreement that ICI would provide KMCC with a non-interest-bearing loan. KMCC would purchase shares from Atul Choksey the late chairman’s son at Rs. 347.5 per share. ICI UK would then buy these shares “subject to approval”. In exchange for brokering this deal, KMCC would receive ................
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