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Orient Paper & Industries to demerge its consumer electric division

16 Sep 2016 Evaluate

Orient Paper & Industries has received an approval to demerge its consumer electric division. The board of directors at its meeting held on September 15, 2016 has approved for the vertical demerger of its consumer electric division. This step will facilitate both paper and consumer electric businesses to focus on their core competencies and to pursue their independent strategies.

The company would also issue fresh equity in the form of a rights issue worth Rs 50 crore to reduce debt and for general corporate purposes. The proceeds from the rights issue shall be used to reduce debt of the company and for general corporate purposes.

Orient Paper & Industries, which has manufacturing capacity of about 85,000 tonnes of paper, also produces fans, lightings, appliances and switch gears in the consumer electric segment.



Orient Paper & Inds. Share Price

19.21 0.14 (0.73%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
JK Paper 375.20
TN Newsprints 140.05
West Coast Paper 492.00
Emami Paper Mills 75.24
Seshasayee Paper 270.95
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