Corporate News     26-Dec-23
Board of Greenply Industries approves divestment of 51% stake in Greenply Middle East, Dubai
At meeting held on 26 December 2023
The Board of Greenply Industries at its meeting held on 26 December 2023 has approved transfer of 51% stake and cessation of controlling interest held in Greenply Middle East (GMEL), Dubai, a Wholly Owned Material Subsidiary, to Investor Group formed by Indraneel Bhan and Sudeep Jain, subject to the approval of the members of the Company and other necessary approvals, as may be required.

Consequent to the above, Greenply Middle East (GMEL), Dubai will cease as the subsidiary of the Company.

The transaction is expected to be completed by end of April 2024 for a consideration of USD 1,573,836.

Previous News
  Greenply Inds board OKs disposing assets of Myanmar-based entity
 ( Hot Pursuit - 05-Jun-23   10:36 )
  Board of Greenply Industries recommends final dividend
 ( Corporate News - 31-May-23   12:51 )
  Greenply Industries to convene AGM
 ( Corporate News - 31-May-23   12:47 )
  Greenply Industries to table results
 ( Corporate News - 31-Oct-18   10:37 )
  Greenply Industries to discuss results
 ( Corporate News - 23-May-23   11:49 )
  Board of Greenply Industries recommends final dividend
 ( Corporate News - 31-May-18   10:30 )
  Greenply Industries consolidated net profit declines 61.79% in the March 2023 quarter
 ( Results - Announcements 31-May-23   12:43 )
  Greenply Industries announces withdrawal of proposed QIP issue
 ( Corporate News - 10-Aug-16   10:33 )
  Greenply Industries
 ( Analyst Meet / AGM - Conference Call 04-Jun-18   10:04 )
  Greenply Industries to hold EGM
 ( Corporate News - 05-Jan-19   09:25 )
  Greenply Industries consolidated net profit rises 20.86% in the December 2022 quarter
 ( Results - Announcements 13-Feb-23   17:50 )
Other Stories
  Tridhya Tech to convene board meeting
  03-Jul-24   20:06
  Sonu Infratech schedules EGM
  03-Jul-24   19:59
  Sakuma Exports to convene AGM
  03-Jul-24   19:59
  Time Technoplast repays commercial paper
  03-Jul-24   18:31
  Board of Aditya Vision approves stock split and listing of share on NSE
  03-Jul-24   18:24
  Pricol director resigns
  03-Jul-24   18:21
  Board of VMS Industries recommends first interim dividend
  03-Jul-24   17:49
  Lakshmi Machine Works to declare Quarterly Result
  03-Jul-24   17:44
  Modison to convene AGM
  03-Jul-24   17:43
  Sybly Industries to discuss results
  03-Jul-24   17:43
Back Top