BPL Board to consider revamp of alkaline battery business

BPL Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 23, 2006 to consider and approve the audited accounts for the Quarter and Half Year ended September 30, 2006, the Board would also be considering a proposal for lease and / or transfer of Alkaline Battery Business / undertaking to a 50 : 50 Joint Venture of the Company and to invest in the Equity Share Capital of that Joint Venture Company subject to necessary approvals and authorise the execution of appropriate agreement(s) in that regard.

Source : Equity Bulls

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