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PSL's two US subsidiaries file for bankruptcy

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Capital Market
Last Updated : Jul 02 2014 | 11:53 PM IST

In view of continuous losses

PSL announced that in view of continuous losses in the following two overseas subsidiaries of the Company the said subsidiaries have filed Chapter 11 proceedings in the relevant Courts in USA :

1. PSL USA INC : Wholly owned subsidiary of our Company

2. PSL North America LLC : A subsidiary and joint venture of the Company.

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First Published: Jul 02 2014 | 11:47 AM IST

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