Tag: Demerger

The TCI Demerger

India‚Äôs leading integrated supply chain and logistics solutions provider Transport Corporation of India Ltd announced yesterday that its board members have approved the demerger of their real estate & warehousing undertaking into a new company named TCI Developers Limited (TDL) which will be effective from April 1. The company emailed a press statement saying the […]

Shree Precoated To Separate Its Steel Business Into Separate Company

MUMBAI: The Ajmera group-controlled Shree Precoated Steels, which has interests in real estate and steel, has taken a decision to hive off its steel business into a separate company. This will be a reverse merger as the Mumbai-based group had earlier merged its real estate assets with Shree Precoated Steels. The group will rename Shree […]