Greenlam Industries has received approval for the issue of up to 63,10,680 equity shares having face value of Rs 1 each of the Company to Smiti Holding and Trading Company, a qualified institutional buyer on a preferential basis at a price of Rs 309 per equity share aggregating to Rs 195 crore. The Preferential Issue will be subject to customary closing conditions between the Investor and the Company. The Board of Directors of the company, at its meeting held June 20, 2022, has approved the same.
Greenlam Industries is one of the leading laminate manufacturers and Asian market leader in decorative laminates. It is a decorative Laminates manufacturer which ensures superior design, quality and systems.
Company Name | CMP |
---|---|
Greenlam Industries | 567.95 |
Stylam Industries | 1595.75 |
Rushil Decor | 331.05 |
Deco-Mica | 101.47 |
Alfa Ica (India) | 63.00 |
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