Uniply Industries' open offer to the shareholders of UV Boards opens for subscription on Thursday. Uniply plans to acquire up to 3.20 crore shares of UV Boards that represent 26 per cent of the total post preferential paid-up equity capital of the latter. The company is offering ₹25 a share in cash to UV Boards shareholders. The offer will close on November 8. Shares of UV Boards closed at ₹31 on October 23 and are under BSE's Graded Surveillance Measures.
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