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Binani Industries to restructure 49% of its investments in Goa Glass Fibre

01 Mar 2012 Evaluate

Binani Industries has received an approval for the restructuring of 49% of its investments in Goa Glass Fibre by way of divestment to one of its subsidiaries. The board at its meeting held on February 29, 2012 has approved for the same. However, the restructuring is subject to the requisite approvals as may be required.

Binani Industries is the holding company of the $1.6-billion Braj Binani Group. The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber and downstream composite products.

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