Pricol will not allow hostile takeover by Minda, will have counter offers if necessary at the right time, says MD

“We are long-term debt-free. We have technologies in place. We have zero pledge in the company and as a Pricol Group with other unlisted companies in the group all companies are debt-free and have cash reserves as well and there is not a single share that has been pledged by the promoters.”

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