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Chambal Fert appoints consultants for shipping biz restructuring

Source : REUTERS
Last Updated: Tue, Mar 29, 2011 05:10 hrs

Chambal Fertilisers & Chemicals Ltd late on Monday said the restructuring committee of its board has appointed independent consultants to explore various options for restructuring its shipping business.

The independent consultants will advise and assist the restructuring committee in this regard, the company said in a statement to the exchange.

Earlier in the month, the company said its board had approved constituting a committee, comprising of a majority of independent directors, to review restructuring of its shipping business.

(Reporting by Manasi Phadke; Editing by Sunil Nair)



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