what is meant by spin-off

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what is meant by spin-off..

Answer / rajendra

Spin off is creating new company by selling or distributing
the shares of existing company

Is This Answer Correct ?    6 Yes 0 No

what is meant by spin-off..

Answer / sankar

Spin off is nothing but forming a new company by existing
company

Is This Answer Correct ?    4 Yes 1 No

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