Special Situation: Is There Value in Kamdhenu Demerger?
Moneylife Digital Team 12 October 2021
Kamdhenu Ltd (KL) manufactures steel products and decorative paints. It has announced the demerger and listing of its paints business into a separate entity, Kamdhenu Ventures Ltd (KVL). The scheme of arrangement has been approved by the National Company Law Tribunal (NCLT) and various other stakeholders, including shareholders, secured and unsecured creditors. The final approval for the...
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