Caparo plcis a British company involved mainly in thesteelindustry, primarily in the design, manufacturing and marketing of steel and niche engineering products.[1]
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Current affairs
editCaparo was founded byLord Swraj Paul,in 1968.[1]
Sixteen companies within the group were put into administration in October 2015, leaving three to continue trading as normal.[2][3]
One month later,Sanjeev Gupta,head ofLiberty House Group,announced that his family had bought a part of the business from the administrators.[4]Liberty House bought Caparo Merchant Bar - one of the three solvent parts of the business that had continued trading - from the administrators in 2017. While CMB had remained solvent, its ability to develop had been restricted by its ties to apension schemeof its former parent group.[5]Numerous other deals by the administrators saw many companies within the group sold, with consequent savings in jobs.[6]
History
editThe group was headed byAngad Paul,the son of Lord Paul, from 1996, until his death on 8 November 2015.[7]
According to a text published 1995, the Caparo group specialized in take-overs. At the time of publishing, the company hadfixed assetsand investments (having been quoted), of £26 million.[8]
A court case involving Caparo,Caparo Industries plc v Dickman,dated to 1990, has become the standard in cases where it is necessary to establishnegligence.[9]
References
edit- ^abCaparo plc.website.published by Caparo plc.Retrieved9 November2015.
- ^S. Farrell and D. Hellier -articlepublished bythe Guardian19 October 2015. Retrieved 2015-11-09
- ^"Caparo Industries plc and its subsidiaries – collectively the" Caparo Industries group "or" CIP "- in administration".PwC. 19 October 2015.Retrieved19 May2018.
- ^"Gupta family interests buy key UK Caparo business".Liberty House Group. 28 November 2015. Archived fromthe originalon 19 May 2018.Retrieved19 May2018.
- ^"Sanjeev Gupta's Liberty House secures another UK steel plant; protecting jobs and pensions".Liberty House Group. 3 July 2017.Retrieved19 May2018.
- ^"More details emerge on Caparo administration".Insider Media.Retrieved19 May2018.
- ^V. Ward (8 November 2015).article.published by The Daily Telegraph.Retrieved9 November2015.
- ^V.J. Kaushal -Corporate Takeovers in Indiapublished by Sarup & Sons, January 1995, 211 pages,ISBN8185431582[Retrieved 2015-11-10]
- ^A. Mitchell, M. Dadhania -AS Level Lawpublished byPsychology Press,2003., 344 pages,ISBN185941785X[Retrieved 2015-11-10]