Complex sentence: During the year 2003-04, the Finolex Cables Ltd divested their shareholding in the company and thus the company ceased to be a subsidiary of Finolex Cables Ltd. In September 25,2003, the company was converted into a private limited company.
Split into simpler sentences: During the year 2003-04, Finolex Cables Ltd divested their shareholding in the company and thus the company ceased to be a subsidiary. On 25 September 2003, the company was converted into a private limited company.