Brief: Greenply Industries approves issue of 1 bln shares via QIP

Greenply Industries

24/05/2016 10:29

May 24 (Reuters) - Greenply Industries Ltd  GRPL.NS : 
 * Approved fund raising by equity share issue via qip or preferntial issue up 
   to INR 1 billion and issue of ncds of up to 1.75 billion rupees 
 * Approved incorporation of wholly owned unit in Dubai, step down unit in gabon 
   to manage, control new business in gabon 
 * Approved setting up of veneer, lumber and panel products manufacturing unit 
   at Nkok SEZ, Gabon, West Africa 
 
 * Source text: (http://bit.ly/20uwiAy) 
 
 * Further company coverage  GRPL.NS   
 ((Bengaluru Newsroom; +91 80 6749 1130))