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Century Plyboards (I) on Wednesday said that its wholly-owned subsidiary Auro Sundram Ply & Door Pvt Ltd has acquired Asis Plywood, which was undergoing corporate insolvency proceedings. Following this, Asis Plywood has become its step-down subsidiary from Tuesday. Asis Plywood was operating a plywood manufacturing unit at Roorkee, Uttarakhand. However, the company did not give the cost of acquisition. Shareholders would closely monitor further developments.
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