Madras Cements Ltd has informed BSE that the board of directors has decided to divest the shares in a wholly owned subsidiary, Madras Sugars Ltd which was incorporated for the purpose of carrying out sugar business.
The paid-up capital of Madras Sugars is INR 1 million
(Sourced from http://www.steelguru.com/news/index/2009/11/04/MTE4Nzk1/Madras_Cements_to_sell_stake_in_arm.html)
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