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A LANDMARK RESTRUCTURING: ADITYA BIRLA GROUP (Indo Gulf and Birla Global Finance are to be merged with Indian Rayon with effect from 1 Sep 2005).
(From India Business Insight)
The Aditya Birla group of Mumbai, as part of its restructuring plans to increase shareholder value, has merged group companies Indo Gulf and Birla Global Finance with Indian Rayon.
The merged entity will be renamed Aditya Birla Nuvo and will tap opportunities through focused value businesses such as carbon black, textiles and fertilisers, garments, information technology (IT)/information technology enabled service (ITES), financial services and telecommunication.
The restructuring will take place under 2 separate …
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