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AMJ Land Holdings to hike stake in Pudumjee Paper Products

27 May 2019 Evaluate

AMJ Land Holdings has received approval for acquisition of 1,70,58,769 equity shares of Pudumjee Paper Products, from 3P Land Holdings (formerly known as Pudumjee Industries). The Company holds 0.72% of the equity share capital of Pudumjee Paper Products.

With additional equity shares of Pudumjee Paper Products, the company will restructure Shareholding in Group Company. Post-acquisition, the Company will hold upto 18.69% of the equity share capital of Pudumjee Paper Products.

AMJ Land Holdings (formerly Pudumjee Pulp & Paper Mills) primarily engages in the development of real estate properties in India. The company operates through Real Estate, Power, and Others segments.

Peers
Company Name CMP
Lodha Developers 1104.75
Prestige EstatesProj 1494.10
Dilip Buildcon 398.95
DLF 662.60
Oberoi Realty 1775.00
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