Date:13/09/2005 URL: http://www.thehindubusinessline.com/2005/09/13/stories/2005091302730203.htm

Back GE Shipping board meet

Our Bureau

MUMBAI: The board of Great Eastern Shipping will be meeting on September 15 to consider the scheme of arrangement of the proposed de-merger of the company's offshore division.

According to sources, a decision will be taken on the valuation report, which will will be put before the board on that day. This pertains to the swap ration.

The company has appointed two valuers for the de-merger. The board had earlier proposed to de-merge the offshore division, which accounts for 20 per cent of the company's revenue, into a separate entity.