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Subscribe to The Hindu now and get unlimited access. Annamalai Chidambaram Muthiah (born 1941) is an Indian industrialist and cricket administrator. The company went belly up after a series of entertainment funds. 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The reclassification was necessitated based on the request from the A.C. Muthiah group, SCL said in a regulatory filing. Sical to reclassify A.C. 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Explained: What does the killing of nuclear scientist Fakhrizadeh mean for Iran? Industrialist and former Chairman of SPIC Group A C Muthiah has asked MAMR Muthiah, … AC Muthiah, former chairman of the MAC group of companies. AC Muthiah, former chairman of MAC group of companies, could not be reached for comment. First Leasing promoted by Muthiah and Irani and was the first company in India to conduct leasing assets. City-based Sical Logistics Ltd. (SCL) on Saturday wrote to the BSE seeking approval to reclassify the A.C. Muthiah group’s shareholding in the company from that of ‘Promoter’ to ‘Public’. Muthiah is aligning the new ventures with the strategy of half the group… Read more about A C Muthiah asks his cousin to withdraw allegations or face legal action on Business Standard. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. Printable version | Nov 29, 2020 11:41:51 AM | https://www.thehindu.com/business/Industry/sical-to-reclassify-ac-muthiah-group-shares-as-public/article29668325.ece. City-based Sical Logistics Ltd. (SCL) on Saturday wrote to the BSE seeking approval to reclassify the A.C. Muthiah group’s shareholding in the company from that of ‘Promoter’ to ‘Public’. Headquartered in Singapore, it is a diversified multinational group of companies with a federated operating architecture. As per the notification, currently, ACM Educational Foundation holds 0.98% stake in SCL, followed by A.C. Muthiah (0.72%), Darnolly Investments0.71%) and Ranford Investments (0.35%), among others. To make matters worse, the public issue AC Muthiah had planned to raise funds for the project did not … We promise to deliver quality journalism that stays away from vested interest and political propaganda. A family business, he says, also has an aspect of sustainability. We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda. Video images of police beating Black man ‘shame us’, says Emmanuel Macron, Ground Zero | Karnataka murders — From underworld to broad daylight, Tech tact: On India’s apps blocking spree, The independence of the judiciary has collapsed: Prashant Bhushan, Dilli Chalo protest | Farmers stay camped on Delhi border. “In this group, there is very thin family involvement.” He served as the Chairman of Southern Petrochemical Industries Limited (SPIC) and is the chairman of Sri Venkateswara College of Engineering (SVCE), Sriperumbudur near Chennai.He served as the President of the Board of Control for Cricket in India from 1999 to 2001. Industrialist and former Chairman of SPIC Group A C Muthiah has asked MAMR Muthiah, who manages Chettinad Cements Corporation Ltd, to withdraw the public notice, press statement and the complaint lodged by the latter against him. The father-son spat in the Chettinad Group has taken a new turn with the estranged son MAMR Muthiah accusing industrialist AC Muthiah, a relative and associate of his father MAM … The Hindu has always stood for journalism that is in the public interest. In a notice to the shareholders in August 2019, SCL said the request for re-classification was considered at its board meeting held on May 17...“The shareholding of the above persons/entities forming part of promoter group (MAC Group) had fallen below 10%, to 3.54%,’ the notice said. At the 64th Annual General Meeting, shareholders approved the special resolution proposal by way of poll and e-voting respectively. 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