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Aeneas Portfolio acquires 13.81 stake in Greenply

Written by: Staff
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New Delhi, May 12 (UNI) Greenply Industries Ltd, an interior infrastructure company, today said Aeneas Portfolio LP had acquired a 13.81 per cent stake in the company, with an investment of Rs 26.76 crore.

The Greenply board approved private placement of 23,47,000 equity shares of Rs 5 each at a price of Rs 114 to the Aeneas company.

''This is a significant achievement for us as investors are showing interest in our group and in the interior infrastructure sector. We are expanding at a good pace and these developments would further help in our commitment to work towards better results for our investors,'' Greenply Industries JMD Saurabh Mittal said.

Earlier, Foreign Institutional Investors including BSMA Ltd, Goldman Sachs Investments (Mauritius Ltd), and Deutsche Securities Mauritius Ltd, had acquired stakes in the company.

Greenply, a Rs 300 crore makes plywoods and boards, flush doors, decorative veneers, laminates, etc, and exports contribute more than 15 per cent of the company's total turnover.

UNI RA MP BD1859

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