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Greenply Industries rises on signing agreement with Nemani Panels

Greenply Industries is currently trading at Rs. 166.00, up by 0.60 points or 0.36% from its previous closing of Rs. 165.40 on the BSE.

The scrip opened at Rs. 166.00 and has touched a high and low of Rs. 166.00 and Rs. 166.00 respectively. So far 98 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 250.90 on 13-Jun-2018 and a 52 week low of Rs. 110.00 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 169.00 and Rs. 158.10 respectively. The current market cap of the company is Rs. 2028.26 crore.

The promoters holding in the company stood at 51.03%, while Institutions and Non-Institutions held 31.41% and 17.56% respectively.

Greenply Industries has entered into an agreement, for investment of Rs 1.80 crore i.e. 30% in the equity share capital of Nemani Panels, a newly incorporated company for setting-up a manufacturing unit of Plywood and allied products at Bareilly, promoted by Bareilly Plyboards (an existing company manufacturing and selling Plywood and allied products).

Greenply Industries is engaged in manufacturing of plywood, laminates, decorative veneers, particle boards and prelam particle boards/MDF.

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