EID Parry India to consider demerger of Parry's Sugar Industries
SME News, Wednesday, Sep 19, 2012 12:52:34 PM IST
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- EID Parry India Ltd
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- Madras High Court
- Parrys Sugar Industries
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NEW DELHI: EID Parry India Ltd, Murugappa Group firm, has announced that it will consider the demerger of Parry's Sugar Industries from itself according to the Madras High Court order. The shareholders meet, slated to be held on October 11, will review the possibility of demerger.
Last month, Madras High Court ordered a meeting of shareholders be held to consider and if needed approve the demerger.
Parry's Sugar Industries is currently involved in the business of manufacturing, marketing and sale of sugar, power, industrial alcohol and bio-pesticides.
