Mumbai, Oct 4: Nath Seeds, a leading player in the business of hybrid seeds and agricultural biotechnology, has engaged Rabo India Finance for restructuring its business to enhance shareholders'value. The chairman of the Nath group Nandkishor Kagliwal has said that the new structure would be in place within three-four months.As per the restructuring plan, the three businesses namely Hybrid Seeds, corporate farming, teak plantations and real estate will be vertically split into three independent companies.
The shareholders of Nath Seeds will be given shares in the two other companies in the ratio of their holding in Nath Seeds as on the record date. Shares of all the three companies would be listed in Bombay Stock Exchange.The exchange ratio for issue of shares in new companies is currently being worked out by Ernst & Young and Lodha & Co.
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