INSUBCONTINENT EXCLUSIVE:
to restructure its business by demerging all non-coffee businesses into a separate arm
The restructuring may be announced along with the Q2 earnings, ET Now reported.
The company is expected to announce its results for
September quarter on November 14.
The stock fell 0.93 per cent to hit a low of Rs 283 on the BSE.
The restructuring will be aimed at
ensuring better valuations for the coffee business, ET NOW reported.
At present, logistic, IT, financial services and hospitality businesses
of the company come under one business
The non-coffee businesses could be housed and listed as a separate entity.
