|
|
Article: Sisal Logistics Limited, a leading integrated multimode logistics provider, is to sell its stake in its cent per cent subsidiary - Mac-Oil Palm limited- as part of its hiving off its non-core businesses to enable the company to focus on its core business of logistics. Mac Oil Palm Limited Company was incorporated on 10th February 2006 for transferring the palm oil business of the Sisal logistics, a company press release said tonight.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- April 13, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SISAL
Chennai, Apr 12 (PTI) Sisal Logistics Limited, a leading integrated multimode logistics provider, is to sell its stake in its cent per cent subsidiary - Mac-Oil Palm limited- as part of its hiving off its non-core businesses to enable the company to focus on its core business of logistics. Mac Oil Palm Limited Company was incorporated on 10th February 2006 for transferring the palm oil business of the Sisal logistics, a company press release said tonight.
To unlock the real value in the Palm Oil Business, it was decided by the company to demerge the same into Mac Oil Palm Ltd. The High Court of Madras dated 12th January 2007 after ...