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Outcome of board meeting of India Glycols

Capital Market 

Held on 07 October 2017

The Board of Glycols announced that the Board of Directors of the Company in its meeting held on 7 October, 2017 has constituted and authorized a Committee to explore and evaluate the option(s) for sale/disposal of Company's investment in its subsidiary namely Shakumbari Sugar and Allied Industries and/or its assets, in accordance with applicable regulations.

The final outcome/recommendation of the Committee shall be placed before the Board for consideration and approval, before any final decision is taken.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, October 07 2017. 15:20 IST