In August 2020, GMR Infrastructure Limited announced that its Board of Directors have approved the separation of its Airport Business from Non-Airport Business. As Airport business is quite different in terms of risk...
Shapoorji Pallonji group to list Eureka Forbes
Debt-laden Shapoorji Pallonji (SP) Group taking a step towards reducing debt, has announced a Scheme of Arrangement to separate its Hygiene product and water purifier maker Eureka Forbes Limited. The Scheme will not...
Grasim Industries sells fertiliser business to Indorama
Aditya Birla Group’s flagship company Grasim Industries, which is the world's largest producer of viscose rayon fiber, has sold its entire fertiliser business to Indorama Corporation for Rs 2,649 crore in cash. The...