Stocks

Greenply to turn ex-date for demerger

| Updated on July 10, 2019 Published on July 11, 2019

 

Shares of Greenply Industries will remain in focus, as it fixed July 12 as the ex-date for the proposed demerger. Shareholders of Greenply Industries will get one share of Greenpanel, the demerged entity.

The demerger is mainly for enhancing strategic flexibility to build a viable platform solely focusing on each of the businesses, Greenply said. Greenpanel will be listed on the BSE and the NSE. To receive Greenpanel shares, investors need to own Greenply by Thursday.

Published on July 11, 2019
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