Orient Paper To Demerge Consumer Electric Division

New Delhi: C K Birla Group firm Orient Paper and Industries Limited (OPIL) on Monday said that its board has approved demerger of its consumer electric division into a new entity, Orient Electric. "The board of directors of the company has decided to demerge the consumer electric business of the company by transferring the same on a going concern basis to a newly formed wholly-owned subsidiary namely 'Orient Electric Ltd," Orient Pa...