The Hindu Business Line : Aeneas Portfolio buys stake in Greenply

Greenply Industries Ltd, an interior infrastructure company, has said Aeneas Portfolio Company LP, has acquired a 13.81 per cent stake in the company, with an investment of Rs 26.76 crore. The Greenply board approved private placement of 23,47,000 equity shares of Rs 5 each at a price of Rs 114 to Aeneas. ``This is a significant achievement for us as investors are showing interest in our group and in the interior infrastructure sector. We are expanding at a good pace and these developments would further help in our commitment to work towards better results for our investors,'' the Greenply Industries Joint Managing Director, Mr Saurabh Mittal, said. Earlier, foreign institutional investors including BSMA Ltd, Goldman Sachs Investments (Mauritius Ltd) and Deutsche Securities Mauritius Ltd, had acquired stake in the company. Greenply, a Rs 300-crore company, makes plywoods and boards, flush doors, decorative veneers, laminates, etc, and exports contribute more than 15 per cent of its total turnover.

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