Uniply Industries surges on getting nod for scheme of arrangement

18 Dec 2017

Uniply Industries is currently trading at Rs. 440.75, up by 4.70 points or 1.08% from its previous closing of Rs. 436.05 on the BSE.

The scrip opened at Rs. 429.00 and has touched a high and low of Rs. 444.50 and Rs. 406.10 respectively. So far 2364 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 466.65 on 29-Nov-2017 and a 52 week low of Rs. 198.00 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 464.65 and Rs. 427.10 respectively. The current market cap of the company is Rs. 1051.92 crore.

The promoters holding in the company stood at 33.22%, while institutions and non-institutions held 2.09% and 64.68% respectively.

Uniply Industries has received an approval for the Scheme of Arrangement/Amalgamation of Vector Projects (India) (The Wholly Owned Subsidiary) with itself and with their respective shareholders and Creditors. The Board of Directors of the company at its meeting held on December 16, 2017, approved the same.

Uniply Industries was established with the belief that it could provide Indian consumers with the best in quality plywood and other panel products. With this as the echoing inspiration Uniply has marched on towards greater success. The brand name is now synonymous with quality and reliability.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323