Meghmani Organics Limited (BSE:532865) is restructuring its businesses into two separately listed companies on the Indian stock exchanges, after which it will be wound up. The Company said in the filing to SGX that it will incorporate a new wholly-owned subsidiary in India (New ListCo 1) and transfer its pigments, agrochemicals and power-generation businesses to that company. New ListCo 1 will issue and allot new shares in it to equity shareholders of Meghmani (including depository shareholders) in proportion to their respective shareholdings, based on an independent valuation. Meghmani will combine its trading business into its 57.16% principal subsidiary, Meghmani Finechem (or New ListCo 2). Similarly, shareholders will receive new shares in that in proportion to their respective shareholdings. After that, Meghmani will be wound up and both New ListCo 1 and New ListCo 2 will be listed and traded on the Indian stock exchanges. Meghmani said this would enable the company to unlock value by "listing its separate businesses, and these listings would enable each of the (listed companies) to adopt a more focused and specialised strategy for sustained growth, as well as to pursue individual opportunities and attract potential investors with different investment focus and objectives".