Orient Paper To Demerge Consumer Electric Business

New Delhi: C K Birla Group firm Orient Paper and Industries Limited (OPIL) on Thursday said it will demerge its consumer electric division. The board of the company, in a meeting held today, gave "its in-principle approval for the vertical demerger of its consumer electric division", OPIL said in a statement.  It further said this will "facilitate both paper and consumer electric businesses to focus on their core competencies and t...