Godfrey Phillips India Ltd has announced that the Board of Directors of the Company at its meeting held on January 31, 2016, authorized the Company to engage the services of a merchant banker and/or other advisors in order to undertake such analysis and study as may be appropriate and advise the Company in respect of the course of action for any potential restructuring or reorganising its various businesses in order to explore the opportunities for value enhancement for its shareholders. Any proposal brought by the merchant banker and/or other advisors, if accepted by the Board , shall be subject to all applicable regulatory approvals including shareholders’ approval.
Godfrey Phillips India Ltd ended at Rs. 1221.9, up by Rs. 7.7…
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