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Archidply Industries gains on planning to demerge Chintamani Unit

16 May 2018

Archidply Industries is currently trading at Rs. 84.85, up by 0.40 points or 0.47% from its previous closing of Rs. 84.45 on the BSE.

The scrip opened at Rs. 82.75 and has touched a high and low of Rs. 84.85 and Rs. 82.75 respectively. So far 1,001 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 130.80 on 15-Jan-2018 and a 52 week low of Rs. 72.30 on 30-May-2017.

Last one week high and low of the scrip stood at Rs. 90.20 and Rs. 82.75 respectively. The current market cap of the company is Rs. 187.22 crore.

The promoters holding in the company stood at 72.67%, while Institutions and Non-Institutions held 2.11% and 25.22% respectively.

Archidply Industries is planning Scheme of Arrangement between the company and Archidply Decor, for demerger and vesting of Chintamani Unit of the company to Archidply Decor. The meeting of the Audit Committee & Board of Directors of the company is scheduled to be held May 30, 2018, to consider the same.

Archidply Industries is engaged in manufacturing plywood, block board, particle board, decorative laminates and decorative veneers.

Related Archidply Industries Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323