Moneycontrol News
Gujarat Fluorochemicals added 4.4 percent intraday on Tuesday on buzz of the company undergoing a rejig to enhance shareholder value.
The company plans to make the companys structure a simpler one, sources have told CNBC-TV18. The focus will be on restructuring the chemical business and remove the holding company discount.
As part of the strategy, the firm will demerge its chemicals business into a separate entity. Currently, the company has four verticalschemicals, wind turbine manufacturing, wind farm, film exhibition.
On the financial front, the companys standalone specialty chemical business is valued at Rs 5,000 crore, while its market capitalisation is seen at Rs 6,500 crore.
The company, a part of the…
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