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Century Plyboards (India) to acquire entire stake in Pacific Plywoods

04 Aug 2023 Evaluate

Century Plyboards (India) has received an approval for the acquisition of entire stake in ‘Pacific Plywoods’ (PPPL) from existing shareholders of PPPL, so as to make it a wholly owned subsidiary. The Board at its Meeting held on August 4, 2023 has approved the same. Total 46,00,000 Equity Shares of Face Value of Rs 10 each of PPPL is being acquired at par to gain 100% shareholding in PPPL.

The aforementioned transaction(s) will lead to acquisition of controlling interest in PPPL which will assist in furthering business opportunities and synergy(ies) for both, Century Plyboards (India) and Pacific Plywoods. Further, PPPL owns significant land near the Company’s manufacturing unit at Joka and that the same would also be useful for the Company’s activities.

Century Plyboards (India) is largest seller of plywood and decorative veneers in the Indian organized plywood market. The manufacturing facility of company is located at Bishnupur near Joka, Kolkata.


Century Plyboards(I) Share Price

741.45 -19.95 (-2.62%)
20-Apr-2026 16:59 View Price Chart
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