Independent journal on economy and transport policy
01:37 GMT+2
GE Shipping to demerge property unit into new co -- Board approves new management structure
(The Hindu Business Line)
March 31, 1999
Our Bureau
MUMBAI, March 30
GREAT Eastern Shipping Company Ltd (GESCO) has decided to demerge its property division into a new company.
The company's board, which met here today, approved the proposal, which, according to Mr. Ravi Sheth, Executive Vice- President of GESCO, is a part of business restructuring aimed at creating focused companies.
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