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This is an archive article published on October 9, 1999

Gamp;B divests 50 pc in Godrej Pacific

MUMBAI, OCT 8: Godrej amp; Boyce Manufacturing Ltd Gamp;B today announced divestment of its 50 per cent equity shareholding in the IT...

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MUMBAI, OCT 8: Godrej amp; Boyce Manufacturing Ltd Gamp;B today announced divestment of its 50 per cent equity shareholding in the IT distribution company, Godrej Pacific Technology Ltd, to its joint venture partner Tech Pacific.

All nominees of Godrej amp; Boyce have stepped down as directors and Shailendra Gupta has been appointed as the managing director in place of Manu Parpia. The Rs 4,500 crore Godrej group has been aggressively pursuing the strategy of restructuring drawn up by leading consulting firm Arthur Andersen to make it more focussed.

 

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