Escorts, Great Eastern Shipping, Colour-Chem

ESCORTS Divestment Works Escorts, the Rajan Nanda company, has done the right thing that most progressive minded companies are doing these days. It has passed on the business management to Escorts Yamaha Motors, Escorts JCB and Escorts Hughes Communications, its subsidiaries, through divestment. This has enabled it to concentrate on its core businesses, agricultural machinery, telecom, information technology and healthcare. The proceeds from divestment amounting to Rs 250 crore are available for investment in core businesses. The strategy must pay in the long run.