Tirupati brand of edible oil's owner NK Proteins puts itself up for sale

February 2014
FRPT- FMCG Snapshot;2/23/2014, p6
Industry Profile
Industry Report
The article reports on the sale of Indian edible oil crushing company NK Proteins. Topics discussed include NK's designation as a defaulter in the National Spot Exchange Ltd. (NSEL) payment crisis, funds to be raised to pay investors, and the expected sale of the company's Tirupati brand of edible oil. Also mentioned are the arrest of promoter Nilesh K. Patel for being the largest borrower in the NSEL payment crisis, NSEL's investigation for fraud, and financial performance in 2012-2013.


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