Orient Paper plans to raise fund via rights issue

Orient Paper & Industries is planning to raise fund by way of rights issue of equity shares. In this regard, the company’s board will meet on 15 September 2016. The board will also consider various options for business restructuring of the company.

Orient Paper & Industries is part of the C K Birla Group and has emerged as a multi-product, multi-location company. The company manufactures and markets range of fans under the name Orient Fans. It manufactures ceiling fans, desk fans, wall-mounted fans, pedestal fans, exhaust fans and multi-utility fans. It has production capacity of over 3 million units per annum.