Kothari Products Board to consider demerger of divisions

Kothari Products Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 25, 2007, inter alia, to consider Demerger of its Pan Masala Division, Beverages Divisions & Trading Division into a separate entity, by way of Scheme of Arrangement, pursuant to Section 391 to 394 of the Companies Act, 1956 and other applicable laws and also discuss the statutory formalities to be facilitated in this regard.

The stock closed the day at Rs.658.85, up by Rs.31.35 or 5%. The stock hit an intraday high of Rs.658.85 and low of Rs.620.10. The total traded quantity was 5342 compared to 2 week average of 2966.

Source : Equity Bulls

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