demerger Archives - indiabusinessview

Chambal’s shipping biz demerger ratio fixed at 1:8, promoters hike stake

July 20, 2011August 20, 2014Editor

The board of Chambal Fertilisers and Chemicals approved the demerger of its shipping business to a subsidiary India Steamship. In March 2011, the company had announced its intention to restructure the shipping business and has now formalised the structure.

Grasim-Ultratech cement businesses to be consolidated

October 3, 2009August 20, 2014Editor

Grasim Industries, the Aditya Birla group flagship, announced the restructuring of its cement business. The company’s board met today to consider a restructuring proposal, which has been widely reported in the media as pertaining to consolidation of its cement business.

Nicholas Piramal’s lowers risk by transferring out new drug research

September 3, 2007August 20, 2014Editor

Nicholas Piramal India’s share price is up by 16% over a week, closing today at Rs 288. Its decision to float a separate company, to which it will transfer its new drug research business, and list it on the bourses is behind this excitement.