Malabar Trading Co Ltd To Acquire Strategic Majority Stake In M/s. IADFAC Laboratories Private Limited
Malabar Trading Co Ltd announced that the Company at its meeting held on February 22, 2012, inter alia, has Approved the proposal to acquire strategic majority stake in M/s. IADFAC Laboratories Private Limited (ILPL) a Company engaged in lab testing of Dairy and Food Products. ILPL has ISO 17025 Certification, BIS, Egmark & more. It has some blue-chip clients in its fold like Wipro Technologies Ltd., SAP Systems Limited and Hindustan Unilever Limited and many more. Pursuant to the said acquisition ILPL would become its subsidiary with substantial holding. The Board has further authorized Mr. M. L. Laxkar, Managing Director to take all steps to complete the acquisition. Terms of the transaction were not disclosed.
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