The Hindu Business Line : Corporate developments

Coimbatore, Nov. 15 With reference to an earlier announcement on November 9, 2006 regarding stock split, Classic Diamonds India Ltd has said that the board of directors at its meeting on November 15, has decided to go ahead with the sub-division of shares, for which purpose notice to shareholders for approval through postal ballot will be sent.

The last date of receipt of the postal ballot from shareholders is December 17.

Godrej Consumer Products Ltd’s board of directors will meet on November 23 to consider issue of equity shares on a rights basis. The number of shares, issue price, ratio and other terms of issue to be decided in due course.

Pantaloon Retail India Ltd’s board of directors on November 15 has approved segregation of fashion and sports business of the Joint Venture entity Planet Retail Holdings Pvt Ltd by demerger of sports business into the demerged entity i.e. Planet Sports Retail Pvt Ltd.

It approved divestment from fashion business after retaining a minority holding and increasing holding in demerged sports business.

It has given the nod for a joint venture with National Textile Corporation Ltd for modernisation and development of Gold Mohur Mills at Dadar, Mumbai and Apollo Mills at N M Joshi Marg, Curry Road, Mumbai.

Rajesh Exports Ltd’s board of directors has decided to hold EGM on December 15 to consider stock split, bonus shares and increase in authorised share capital.