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Before 30/9/2005 Chambal fertilizers acquire one company under merger and acquisition scheme, i want the name of that company.

About: Company: Chambal Fertilisers & Chemicals Ltd.

Asked by vinay shitut, 18 Jul '07 07:21 pm
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Answers (1)


I think you are talking about India Steamship Company's merger into Chambal Fertilisers and Chemicals in August 2005.
Details: India Steamship Company (ISS), a K. K. Birla Group company, was one of three leading liner operators out of India, the other two being Scindia Steam Navigation Company and Shipping Corporation of India (SCI). Subsequently, Scindia closed operations and ISS fell into bad days. Several moves were initiated to revive ISS, first by having another shipping company in the same group, Ratnakar Shipping, merged into it and by allowing it to gradually withdraw from the liner services, then by undertaking financial restructuring and one-time settlement of all liabilities. Finally, in August 2005, ISS was merged into Chambal Fertilisers & Chemicals, Ltd, also belonging to K. K. Birla Group.
Answered by shailesh soni, 14 Aug '07 06:40 pm

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