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AV Birla Group: Focusing on core competencies - Views on News from Equitymaster
 
 
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  • Jul 12, 1999

    AV Birla Group: Focusing on core competencies

    The A.V. Birla group has stated that its constituent companies will steer clear of any activity that is unrelated to the core businesses of these companies. Steps are also being taken to divest stakes in the existing businesses that are unrelated to the core business of these companies. The group has also stated that in the absence of new growth opportunities, the companies will pursue a policy of high dividend payouts and resort to buyback of shares.

    The A. V. Birla group is one of the many family-owned businesses that have embarked on a process to restructure their businesses. These groups are making efforts to realign their businesses with their core competencies.

    The Group has decided that decisions to take up a project should take into account the creation of value for the shareholders before embarking on any such exercise. Recently, the group had shelved its alumina project, Aditya Alumina, because the implementation of the project would not have led to the creation of shareholder value.

    The decision to link investment decisions to the creation of shareholder value is a big leap for a family owned business such as the Birla Group. The restructuring exercise would definitely lead to a more focused approach in terms of investment decisions, putting an end to the fears of unrelated diversifications.

     

     

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