Meghmani Organics to split businesses into 2 India listings
Shareholders who do not want stakes in the two new listcos may exit with an offer of S$0.72 per share
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Nisha Ramchandani
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Singapore
INDIA-BASED Meghmani Organics is restructuring its businesses into two separately listed companies on the Indian stock exchanges, after which it will be wound up.
As a result, its depository shares on the Singapore Exchange (SGX) will be delisted. Shareholders who do not wish to get shares in the new listcos can opt to receive a cash offer of S$0.72 per share.
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