Three Group Co Shares Delisted

Shares of three companies of the Gadgil Western group-Western India Industries, Western Paques and Western India Shipping, have been delisted from the Bombay Stock Exchange (BSE) from January 1998.

According to sources, the shares of these companies have not been quoted of late, and they have been delisted as a result of non-payment of annual dues.

Problems of recovery are also being faced by individual fixed deposit holders, says a source.

The Gadgil Western group, owned by the Dubai-based Nandan Gadgil, came into being in 1987, and reached its zenith in 1992-93 with a turnover of nearly Rs 300 crore.