A bit late in reporting ( recovering from sm failed arbitrage bets 
)
OCCL has decided to demerge its IS chemical business into separate subsidiary. The source documents are on the company’s thread :-
The existing company will hold stake in 2 chemical cos. - Duncan Engg and new IS company and other investments. The total carried on books is 184 crs.
If anyone tracking\participating, plz share more info regarding the same.
Disclosure:- Not invested