Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

Markab Capital to acquire 20.7% controlling stake in Uniply Industries

04 Jul 2019

Uniply Industries has inked an agreement with Kuwait-based Markab Capital WLL, under which the latter would acquire a controlling stake in the company. The deal values Uniply Industries at an enterprise value of over Rs 1,550 crore on a fully diluted basis.

Markab Capital WLL, Kuwait and its wholly-owned Indian subsidiary Markab India SPV will acquire 20.7% stake shareholding from Uniply Industries chairman Keshav Kantamneni and his group entities at Rs 82 a share.

The transaction aims at leveraging the deep global relationships of Markab Capital and create a long-term value for shareholders by bringing value and global contracts into the execution fold of the incumbent teams at Uniply Industries.

Uniply Industries is engaged in the manufacture of plywood and other panel products.

Related Uniply Industries Ltd. Links:

Uniply Inds Share Price

3.97 0.00 (0.00%) May 03, 18:01
1 Year Price Chart
Peers
Company Name CMP
Century Plyboards(I) 408.95
Greenply Industries 209.65
Archidply Inds 35.30
Uniply Inds 3.97
Duroply Industries 63.55
View more..
Sensex vs Uniply Inds
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback