BMIC and Siva Limited also entered into an option agreement in 2009, under which Siva Limited would have to buy BMICOs stake in
STel at the same price that BMIC had paid for the acquisition.
BMIC and Siva also entered into an option agreement in 2009, under which Siva would have to buy BMIC's stake in
STel at the same price that BMIC had paid for the acquisition.
Four of
Stel's children have also benefitted from Peninsula bursaries for young musicians.
Batelco Group had disclosed in its financial accounts for the period ending 30 June 2011, that BMIC's investment in
STel was presented as an asset held-for-sale," Batelco said in a statement.
STel has licences for Himachal Pradesh, Orissa, Bihar, Jharkhand, Jammu and Kashmir and Assam circles.
* Exposure monitoring - mandates monitoring every 12 months if samples register at or above the action level but at or below both the PEL and the
STEL; every three months if above the PEL or the
STEL for eight samples within a two-year period, then every six months.
Batelco added that it was not involved in the
STel licence application process.
In
Stel Farrar's Caernarfon household, however, it will be an entirely different story.
'We were never going to split up but things got quite bad for a while,' admits bass player James '
Stel' Stelfox.