The Hindu Business Line : Gillette to sell Geep battery business

The company had sought the requisite consent of shareholders by postal ballot under Section 192A of the Companies Act for sale of its Geep battery business. The results of the postal ballot were announced on Tuesday, and 99.9 per cent of the votes cast were in favour of the resolution.

The company's board of directors had at their September 10, 2002, meeting, considered the interim findings of PricewaterhouseCoopers to review its Geep battery business to assess its future potential and constituted a committee for a review.

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