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Pudumjee Paper Products executes agreement with Mitcon Solar Alliance

12 Jun 2018 Evaluate

Pudumjee Paper Products has executed a Shareholders' Agreement with Mitcon Solar Alliance for the acquisition of 49.99% equity shares of Mitcon Solar Alliance (a Special Purpose Vehicle).

The Mitcon Solar is engaged in the business of Solar Power Generation and Sale. The objective of the acquisition is to facilitate purchase of 'Power' and consequently the acquisition of shares will enable the company to meet its Renewable Purchase Obligation. The nature of consideration is in the form of cash.

Pudunjee Paper Products is engaged in manufacturing paper. The business that came to the company was started with the manufacture of high quality papers to meet customer’s critical and demanding requirement in packaging of food and oily products.

Pudumjee Paper Share Price

90.43 -0.38 (-0.42%)
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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