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Greenply Industries gets nod to raise Rs 275 crore

25 May 2016 Evaluate

Greenply Industries has received its board’s approval to raise Rs 275 crore. The company will raise Rs 175 crore via debt and another Rs 100 crore through qualified institutional placement. The board has also given its go-ahead for setting up of a veneer, lumber and panel product manufacturing unit in Gabon, Africa.

Greenply Industries is engaged in manufacturing of plywood, laminates, decorative veneers, particle boards and prelam particle boards/MDF.

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