Both Man Industries and Man Infraprojects will be merged and demerged and in the process every shareholder of Man Industries will get one share free in Man Infraprojects. Man Infraprojects is a totally debt-free company.
In an interview to CNBC-TV18, RC Mansukhani, group chairman, Man Industries Limited talks about the latest developments in his company and sector. He also outlines the road ahead for the company in FY12.
In an interview to CNBC-TV18, RC Mansukhani, group chairman of Man Industries spoke about the latest happenings in his company and the road ahead.
RC Mansukhani, group chairman of Man Industries tells CNBC-TV18 that the profitability for Q4 fell by almost Rs 12 crore due to the provisioning of about Rs 30 crore in Q4 for the court cases etc.
Man Industries was out with its Q3 results. Its Q3 FY11 standalone total income was up 0.13% at Rs.439.86 crore versus Rs 439.31 crore, YoY. Its PAT was down 17% at Rs 26 crore versus Rs 31 crore, YoY.