Godrej Soaps consumer division hived off
Godrej Soaps Ltd. has informed the Bombay Stock Exchange that the shareholders of the company at a meeting on February 10, have approved the the demerger of the consumer products division of the company, to Godrej Consumer Products Ltd (GCPL).The company now plans to file a petition with the High Court, Mumbai for the approval of the scheme.HM division sale
Hindustan Motor Ltd (HM), has sold off its earthmoving equipment division (including wheel loader plant) to M/s Caterpillar India Pvt Ltd.,on February 9, located at Pondicherry and Tiruvellur near Chennai. Exide auto e-portalExide Industries Ltd. announced their entry into the e-market with the launch of autoexide.com, a portal on automobiles. The portal will offer value-added services, like online auto finance and insurance, servicing and maintenance, car rentals among others.
German reinsurance co ties up with Segwick
Germany-based General Cologne Re is joining hands with Segwick Parekh health management to be a third party administrator, to undertake health insurance in India. This is a second tie-up, after Munich Re-Paramount Healthcare Managment joint venture to undertake health insurance business as a third party partner. Irda is expected to announce guidelines for the TPA by March end.
Indus Portfolio acquires two firms
Indus Portfolio Pvt Ltd has announced acquisition of two companies - Sindhu Cement Works Pvt Ltd and Supreet Trade India Ltd for an undisclosed amount.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
