Stocks

Will Century Plyboards (I) arm's buy pay back?

| Updated on January 28, 2020 Published on January 29, 2020

 

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.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on January 29, 2020
This article is closed for comments.
Please Email the Editor