Binny Ltd has informed that the Board of Directors of the Company at its meeting held on September 25, 2008, inter alia, has decided to demerge the Company into two or more Companies to enable the Companies to concentrate on their core business activities.
Further, the Board has also appointed valuers and consultants for arriving at the demerger ratio and preparation of a draft scheme of demerger, for obtaining the approval of the Board of Directors as well as legal and other regulatory authorities.
Further, the Board has also appointed valuers and consultants for arriving at the demerger ratio and preparation of a draft scheme of demerger, for obtaining the approval of the Board of Directors as well as legal and other regulatory authorities.
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