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Marico Ltd Approves Proposal To Restructure Business


Monday, 7 Jan 2013 02:26am EST 

Marico Ltd announced that the Board of Directors of the Company at its meeting held on January 07, 2013, inter alia, considered and approved a proposal to restructure Marico's businesses and corporate entities. The Company has also approved a restructuring of its organization. These both are proposed to be effective April 01, 2013 and are subject to statutory and contractual approvals. The Consumer Product Business (CPB) and International Business Group (IBG) will now form a unified FMCG business. Kaya will be sharply re-defined as a separate business. 

Company Quote

255.15
0.95 +0.37%
4:58am EDT