Orient Paper and Industries (OPIL) has received its board’s approval for proposal to demerge the cement business of the company into Orient Cement.
OPIL shareholders will get 1 new equity share of Orient Cement for each equity share that they hold in the company, in addition to their existing OPIL shares. On effectiveness of the demerger, Orient Cement is proposed to be listed on BSE and NSE, being exchanges where OPIL is currently listed.
Orient Paper & Industries is part of the C K Birla Group. Today it has emerged as a multi-product, multi-location company. The company manufactures and markets range of fans under the name Orient Fans. It manufactures ceiling fans, desk fans, wall-mounted fans, pedestal fans, exhaust fans and multi-utility fans. It has production capacity of over 3 million units per annum.
Company Name | CMP |
---|---|
JK Paper | 374.00 |
TN Newsprints | 268.05 |
West Coast Paper | 627.15 |
Emami Paper Mills | 118.75 |
Andhra Paper | 499.75 |
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