Sundaram Multi Pap Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/10/2025 ,inter alia, to consider and approve the valuation reports received ....
SUNDARAM · price
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Sundaram Multi Pap's board will meet on October 16, 2025 to consider approving valuation reports for acquiring around 52.38% equity stake in Sundaram Land and Assets Private Limited. The acquisition will be executed through a share swap, with the company issuing equity shares via preferential private placement (non-cash consideration) to the non-promoter group/category of the target company. The board will also finalise the date and venue for an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for the deal. The trading window for dealing in the company's shares remains closed pending the declaration of standalone unaudited financial results for the quarter and half-year ending September 30, 2025.
This is a non-cash acquisition that may lead to equity dilution for existing shareholders but brings in a new asset/business subsidiary. Investors should monitor the valuation report, swap ratio, and the subsequent EGM outcome for clarity on the deal's value accretion.