Indal directed to bail out Annapurna Foils
To acquire entire stake
The Kumarmangalam Birla group company Indian Aluminum and Company Limited (Indal) has been directed by Apellete Authority for Industrial and Financial Reconstruction to bail out Annapura Foils Limited (AFL). Indal holds 26% equity in AFL and will now acquire the entire stake of the existing promoters of AFL as per the AAIFR directive.
