A separate demerger committee will be created.
06 Jan, 2021 - 02:49 PM IST | By indiantelevision.com Team
NEW DELHI: The board of directors of Tips Industries has in-principal agreed to consider the demerger of the film division of the company into a separate entity.
A demerger committee formed by the board will appoint the valuer, merchant banker for fairness opinion and other intermediaries for this purpose. The board on receipt of the valuation report will study, discuss and initiate the next steps.
Following this announcement, the Kumar Taurani-led company’s stocks declined 1.2 per cent on the NSE.
Over the years, Tips’ film division has churned out many popular Bollywood flicks like all three instalments of the