Special Situation: Eureka Forbes Demerger – Is There Value Still?
Moneylife Digital Team 07 October 2021
Forbes & Company Ltd (FCL) is a diversified conglomerate that is into precision tools, residential real estate development, textiles, shipping and health & hygiene products, such as water-purifiers and vacuum–cleaners, through its wholly-owned subsidiary (WOS), Eureka Forbes Ltd (EFL). FCL is looking to demerge and list EFL and, subsequently, sell up to 72.56% of its stake in the demerged...
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