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Uniply Industries raises Rs 26.68 crore from promoters and marquee investors: Report

04 Aug 2015 Evaluate

Uniply Industries has reportedly raised Rs 26.68 crore from promoters and marquee investors including R K Damani, Ramesh Damani, Enam Investment Services and Sara Vallabh Bhansali.

The company will allot 26.68 lakh shares of Rs 10 face value at Rs 100 per share to various existing and new long-term investors, including Kantamneni, who is the largest subscriber to the offer. He will pump in Rs 5.68 crore through the preferential issue.

Uniply Industries is a Chennai-based plywood manufacturing and trading company promoted by BL Bengani.  The company initially started as a trading agent and later started trading plywood and its allied products under its own brand name.

 

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