RDB Industries to re-align business activities

RDB Industries Ltd has announced that the Board of Directors of the Company at its meeting held on September 11, 2006, inter alia, has taken an in-principal decision to re-align the business activities of the Company and for this purpose, the Board has constituted a Committee and has delegated the following tasks to be performed by the said Committee:

1. Reconstruction of the business of the Company by way of de-merger or otherwise.

2. To carry out valuation of two business segment of the Company viz., Cigarette manufacturing and Real Estate.

3. To decide upon modalities of de-merger.

4. To appoint agencies / consultants / lawyers, etc., whose service may be required to carry out the Reconstruction of the business of the Company.

Source : Equity Bulls

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