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Servalakshmi Paper makes reference to BIFR

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Capital Market

Due to erosion in net worth

Servalakshmi Paper has made a reference to the Board for Industrial and Financial Reconstruction (BIFR) under Section 15 of the Sick Industrial Companies (Special Provisions) Act, 1985, in view of the erosion of the entire net worth of the Company and the same has been admitted by the BIFR on 13 August 2015.

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First Published: Sep 03 2015 | 7:45 PM IST

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