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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 hiving off its non-core businesses. Mac Oil Palm Limited Company was incorporated on February 10, 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
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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 hiving off its non-core businesses. Mac Oil Palm Limited Company was incorporated on February 10, 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 Madras High Court, after approval from shareholders, sanctioned the scheme of demerger ...