Grasim board approves cement biz demerger into Samruddhi

Grasim board approves cement biz demerger into Samruddhi

The Grasim board that met today has decided to demerge its cement business into Samruddhi Cement, a wholly-owned subsidiary of the company. Grasim's shareholders would receive one equity share of Samruddhi for every one share they held in Grasim.

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Link : http://www.onlineequitycalls.com/2009/10/grasim-board-approves-cement-biz-demerger-into-samruddhi/

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