Stocks

What to watch: Nath Pulp to turn merger with Rama Pulp

| Updated on November 05, 2019

Shares of Nath Pulp & Paper Mills will turn ex-date on Thursday ahead of its merger with Rama Pulp & Papers. According to a scheme, Nath Paper and its unlisted arm Nath Chemicals will merge with Rama Pulp. Shareholders of Nath Paper will get one share of Rama Pulp for every two shares; Nath Chemicals’ shareholders will receive 1.8 shares of Rama Pulp for every one share. Those who wish to receive Rama Pulp shares need to buy Nath Pulp shares by Wednesday.

Published on November 06, 2019

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