Announced Sat, 19 Sept, 2026 · 15:53 IST
Board approves acquisition making SPIPL a Subsidiary
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Shreenath Paper Products board approved buying 25,000 equity shares of Shreenath Paper Industries Pvt Ltd (SPIPL) at Rs 10 per share, totalling Rs 2.50 lakh. The company currently holds 50 percent in SPIPL as an Associate; after the acquisition it will hold 75 percent, making SPIPL a Subsidiary. Shares are being purchased from Mr. Bijoy Ramesh Shah via cash. The deal is not a related party transaction and no regulatory approvals are required.
Likely market impact
SPIPL becomes a Subsidiary Company. Deal size is small at Rs 2.50 lakh but increases control over the associate from 50 to 75 percent.