Carborundum Universal Ltd is considering a demerger of its joint venture in China. CUMI has informed the exchange that the company is exploring a demerger proposal of the joint venture in China, Jingri-CUMI Super Hard Materials Co Ltd. The demerger, under consideration, envisages the separation of the abrasives and the diamond/diamond tool businesses of the Chinese joint venture. The abrasives business would be housed in a 100 per cent subsidiary of CUMI, in China.
Source: The Hindu BusinesslineCarborundum Universal demerger
Industry: Other 2016-04-03
