Orient Paper and Industries Limited (OPIL) which is a C K Birla Group firm has said that it will demerge its consumer electric division.

OPIL has said in a statement that the board of the company has provided its approval in a meeting “its in-principle approval for the vertical demerger of its consumer electric division.”

It has further said that this will “facilitate both paper and consumer electric businesses to focus on their core competencies and to pursue their independent strategies.”

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