GTC Industries

GTC Industries Board approved demerger of Tobacco & Real Estate business

GTC Industries Ltd has announced that the company’s board of directors at its meeting held has considered and granted its in-principle approval to demerge the Tobacco business and the Real Estate business into two separate entities.

Both these entities will be listed on the Stock Exchanges where the shares of the Company are presently listed, an official release stated.

The Managing Director of the Company has been authorized to examine various options for working out a suitable scheme of Demerger and place before the Board for its approval.