Stocks

Orient Paper to turn ex-date for demerger

| Updated on January 11, 2018 Published on January 09, 2018

Shares of Orient Paper and Industries will turn ex-date for its proposed demerger.

The company will demerge its consumer electric business into its wholly-owned subsidiary Orient Electric (resulting company).

One fully paid-up equity share of Orient Electric would be issued and allotted for every one fully paid-up equity share held in Orient Paper.

Investors who wish to participate in the restructuring need to buy the shares by Wednesday.

Published on January 09, 2018
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