Manufacturers News
India
GTC Industries to De-merge into Real Estate and Tobacco
New Delhi — Cigarette manufacturer GTC industries has “in-principal” approval for the de-merging the tobacco business and the real estate business into two separate entities.
Sanjay Dalmia, GTC Industries Chairman, said that the de-merger should unlock shareholder values across the tobacco and real estate industries.
After the de-merger, GTC would continue to manufacture the brands Panama and Chancellor.
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