Seshasayee Paper & Boards' shares gained nearly 15%, touching the monthly high of Rs225, after its board has approved the scheme of amalgamation for the amalgamation of M/s SPB Papers Ltd with the company.
The board has also approved the share exchange ratio for the said amalgamation viz, one equity share of the nominal value of Rs10 each of M/s.Seshasayee Paper and Boards Ltd. for every eleven equity shares of the nominal value of Rs10 each of M/s. SPB Papers Ltd,' the company said
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The board has also approved the share exchange ratio for the said amalgamation viz, one equity share of the nominal value of Rs10 each of M/s.Seshasayee Paper and Boards Ltd. for every eleven equity shares of the nominal value of Rs10 each of M/s. SPB Papers Ltd,' the company said
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