Godrej Soaps plans to spin off consumer products division
In a major restructuring initiative aimed at unlocking shareholder value by becoming a focussed FMCG company, the Rs 695-crore Godrej Soaps on Monday announced its decision to demerge the consumer products division into a new company.
Godrej Soaps to sell part-stake in Sara Lee
As part of its second restructuring initiative to reduce debt, Godrej Soaps announced that it is selling off part of its holding in the Rs 276 crore Godrej Sara Lee Ltd (GSLL) to the public. As a result of this, GSLL will become a listed company.
IA calls bids for 40 planes worth Rs 9,000 crore
Indian Airlines has invited financial bids from US aircraft manufacturer Boeing and European consortium Airbus Industrie for purchase of up to 40 planes, costing around Rs 9,000 crore.
EID Parry posts 29 per cent lower net to Rs 7.22 crore Indian Hotels to sell property to ease debt burden Sundaram Fasteners Q1 net dips 6.3% to Rs 9.6 cr Hinduja Fin board nod for merger deal with Sarthak Tata Tea net leaps 48% to Rs 38.6 crore, Eicher posts Rs 8.29 cr loss SBT net up 122% to Rs 1.4 crore HLL plans backward integration to slash raw material costs The index M&M bags Rs 200crore diesel engine deal from Turkish firm CESC slips in the red with Rs 15 cr loss in first-quarter despite higher sales Colgate Q1 net rises 11% to Rs 13 crore Briefing Icra projects GDP growth at 6.6 per cent Medicorp Tech to set up formulations plant in Hyderabad Punjab Tractors Q1 net slips 29 per cent to Rs 24.7 crore Indo Rama net up 23% to Rs 8.2 crore in Q1 ACC posts Rs 9.5cr loss in Q1 despite volume rise