Watch the interview of Saurabh Mittal, Joint MD & CEO of Greenlam Industries with Nigel D'Souza on CNBC-TV18, in which he talked about Greenlam Industries, demerged entity of Greenply.
Under the terms of the recast, Adani Enetrprises port business will be transferred to subsidiary Adani Ports and Special Economic Zone, its power businesses to Adani Power(APL), and transmission business to unlisted Adani Transmissions, which will subsequently be listed
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.