| Gulf Oil Corporation Ltd has informed BSE that the Committee of Directors (CoD) of the Company at its Meeting held on October 02, 2010, has discussed proposals for restructuring of the Explosives Business of the Company. After discussions, it was decided to demerge the industrial explosives business to a 100% subsidiary of the Company, IDL Explosives Ltd, subject to regulatory approvals. | | Powered by Capital Market - Live News |
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