BF Utilities to demerge investment business

2009 August 25

by prashant

BF Utilities to demerge investment business into separate company; swap ratio of 1 BF Investment share for 1 share in the company

BF Utilities to demerge investment business into separate company. The swap ratio of 1 BF Investment share for 1 share in the company.

Ajay Kalyani, BF Utilities said that the company is seeing opportunity in the infrastructure space. Infrastructure is still not in revenue generation mode. He further added that 80% of BF utilities revenue comes from wind business. The demerger is effective from April 1, 2009

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