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Andhra Pradesh government rejects plan to split Nizam Sugars
The AP government has rejected the proposal of an expert committee on the distribution of assets and liabilities of Nizam Sugars. The balance of Rs 234.49 crore was shown as demerger adjustment which it faulted. It said the Sheela Bhide committee had proposed dividing the company on the population ratio. The proposed demerger plan recommended by the expert committee in respect of the Nizam Sugars is not acceptable to AP government.
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