No plan to exit: Gulu Mirchandani
Gulu Mirchandani, the chairman and managing director of Mirc Electronics, has denied that there were any plan to sell a majority stake in the company.
By TNN |
MUMBAI: Gulu Mirchandani, the chairman and managing director of Mirc Electronics, owners of the Onida brand, has denied that there were any plan to sell a majority stake in the company. He was responding to a news report in The Economic Times of October
“Vijay Mansukhani and I have no intention of selling out, nor do we plan to exit the business,” Mr Mirchandani said in a statement signed by him.
However, the ET report had said that the two promoters of Mirc Electronics, Sonu Mirchandani and Vijay Mansukhani, have begun talks to sell their 66% stake in the company. It did not mention Gulu Mirchandani as one of the sellers.
“Vijay Mansukhani and I have no intention of selling out, nor do we plan to exit the business,” Mr Mirchandani said in a statement signed by him.
However, the ET report had said that the two promoters of Mirc Electronics, Sonu Mirchandani and Vijay Mansukhani, have begun talks to sell their 66% stake in the company. It did not mention Gulu Mirchandani as one of the sellers.
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