Supreme merged in Aditya @ Rs 9 Cr
Posted by SRINU GUNTURU | | Posted On Thursday, September 17, 2009 at 10:02 AM
Just sometime back it was announced that there has been a merger between the audio giants Supreme audio and Aditya audio. However, though the merger happened, it is now being said that the Aditya Company is said to be concerned with the latest development.
Apparently, the merger happened at a whopping Rs 9 crores deal and as part of it all cassettes and CDs under Supreme label were merged into Aditya. However, it is now being said that the Supreme label has begun releasing audio on its own label once again.
Sources reveal that the legal agreement only mentioned about the merger but Supreme was careful to keep its label intact. It hasn’t sell its brand but only sold its products. Now, Aditya is said to be in tension since the idea of merger was to kill the competition and emerge as a monopoly. That looks a bit tricky right now.
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