Transport Corp to demerge real estate, warehouse unit
Published on Wed, Mar 17, 2010 at 14:47 | Source : Reuters
Updated at Wed, Mar 17, 2010 at 16:50
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Transport Corp to demerge real estate, warehouse unit
Transport Corporation of India Ltd said on Wednesday it received board approval for demerging its real estate and warehousing division, effective April 1.
Transport Corporation of India Ltd said on Wednesday it received board approval for demerging its real estate and warehousing division, effective April 1.
After the demerger, shareholders of TCI will get one equity share of 10 rupee face value in the transferee company, TCI Developers Ltd, against every 20 equity shares of Rs 2 face value.
