• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books
• Gallery

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Chennai, Nov. 4

The Chennai-based Celebrity Fashions Ltd has informed the BSE that its board on Wednesday agreed in principle to hive off the various divisions of the company into separate entities. According to the information available with the stock exchange, the reasons for the hiving off are to give greater focus to the core business of each division, to strengthen competencies and to raise funds at a later date for growth of the businesses.The company said it has appointed Pricewate rhouseCoopers Pvt Ltd, Bangalore, and SBI Capital Markets Ltd, Mumbai, to advise it on the structure of the proposed separation.

— Our Bureau

More Stories on : Restructuring | Readymade Garments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line