Andrew Yule, United India and LIC plan to divest in Tide Water...

Andrew Yule, LIC and United India Insurance are mulling the possibility of disinvesting their stake in Tide Water Oil Co Ltd. The three entities have 40% stake in the company. Tide Water Oil is a part of the diversified Andrew Yule Group which operates in areas like engineering, power generation and lubricants. The committee appointed board of directors (CABOD) set up by the centre for disinvestment in Tide Water Oil will meet on September 24 to discuss the sell-off programme further. Talking to reporters after the company s annual general meeting here on Monday, chairman Kallol Datta said SBI Caps has ...

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