Business - Briefly   

LGB Bros. board approves demerger scheme

CHENNAI: The board LG Balakrishnan and Bros., at its meeting held on Monday, has approved the details of the scheme for demerger of the forging division into a separate company, LGB Forge Ltd. with effect from April 1, 2008, through High Court approved process. Shareholders will be issued, at no cost, one fully-paid up equity share of Re. 1 each in LGB Forge for every share of (Re. 1 each) held in the company, LGB Bros. informed the Bombay Stock Exchange. — Corporate Reporter

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

No entry load for direct investment in MF schemes
Year 2007 ends on optimistic note
HPL plans capacity expansion
FM confident of achieving 9 p.c. growth
Reliance Energy upbeat on EPC business
Hospitality sector poised for significant growth
Foundation laid for Tata Steel’s project
External debt up 5.5 p.c. at $190.5 b
Brigade in pact with IHG
Rupee edges up
SIB opens 200th ATM
Exchange Rates
Bullion Rates
Oil firms cut ATF prices
Rangarajan to head panel on investments
HDFC sells stake in insurance JV
Pfizer to sell four OTC products
Vishal Retail opens six stores in North India
Airtel and Affle launch SMS2.0
LGB Bros. board approves demerger scheme
Indiabulls Fin. pact with Societe Generale

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu