Godrej Soaps plans to spin off consumer products division
In a major restructuring initiative aimed at unlocking shareholder value by becoming a focussed FMCG company, the Rs 695-crore Godrej Soaps on Monday announced its decision to demerge the consumer products division into a new company.

Godrej Soaps to sell part-stake in Sara Lee
As part of its second restructuring initiative to reduce debt, Godrej Soaps announced that it is selling off part of its holding in the Rs 276 crore Godrej Sara Lee Ltd (GSLL) to the public. As a result of this, GSLL will become a listed company.

IA calls bids for 40 planes worth Rs 9,000 crore
Indian Airlines has invited financial bids from US aircraft manufacturer Boeing and European consortium Airbus Industrie for purchase of up to 40 planes, costing around Rs 9,000 crore.


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