BIC Group today announces that Cello Group has exercised its Put Option, allowing them to sell 20% of cello pens to BIC Group. Following the closing of this acquisition (expected by the end of H1 2014 for an amount of approximately 4 bn INR - 50 million NEW DELHI: Pen and stationery manufacturer, cello pens, announced that it has sold 40% stake to French company, BIC, for Rs 800 crore ($160 million). BIC is the world's second-largest pen and stationery company, with a turnover of Rs 11,000 crore for 2007-08. Oliver Coates from UK, winner of the Royal Philharmonic Society Young Artist Award 2011, will give a cello recital. The concert is part with a collection of portrait images and a series of pen and ink drawings from her time in Sinai. BIC, which also has a call option to increase holding in various entities of Cello, was pulled into arbitration, as Cello sought to scrap the deal. French stationery major BIC Group is going ahead entity namely cello pens, the flagship unit. As the 470-odd students rolled pen on paper, the same words came alive with a different flourish in identical sheets at the city finals of The Hindu In School Cello Handwriting Wizards Contest. The students who finally bagged the top prizes in the city Two cases recently before the Monopolies and Restrictive Trade Practices Commission, between GM Pens International Pvt Ltd and Cello Plastics Products Pvt Ltd, concern the scope for companies to use the products of other manufacturers comparatively to .
Cello Pens, Cello Tips and Pens, Cello Stationery Products, Cello Plastic Products, Pentek Pen and Stationery, and Cello Writing Instruments and Containers Omega TC Sabre Holdings’ and Tata Capital Financial Services’ acquisition of 18 percent stake in The makers of India's favourite Cello pens are a part of 1000 crore Cello Group. Lauded as one of the world's best and India's largest pen manufacturer's and well known for its dynamism and spirit of innovation, Cello ceaselessly endeavors to bring in the Indian Cricket Team captain Mahendra Singh Dhoni is the brand ambassador for cello pen. No doubt, it has a high sale. Cello is one of the pen companies that remain in high demand during exam season. The net worth od this brand is approximately Rs 1000 crore. The event, organized in association with Cello Pens, will be held on January 16 at Birla Matoshree Auditorium from 9am. It offers a unique opportunity for students from 500 schools across the city to meet the CM and ask him questions. The students are .
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