Century Plyboards gains on getting nod to incorporate wholly owned subsidiary
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Century Plyboards is currently trading at Rs. 699.20, up by 1.45 points or 0.21% from its previous closing of Rs. 697.75 on the BSE.
The scrip opened at Rs. 700.50 and has touched a high and low of Rs. 703.00 and Rs. 694.10 respectively. So far 3718 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 749.00 on 23-Mar-2022 and a 52 week low of Rs. 283.00 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 727.90 and Rs. 678.40 respectively. The current market cap of the company is Rs. 15598.77 crore.
The promoters holding in the company stood at 73.04%, while Institutions and Non-Institutions held 18.67% and 8.29% respectively.
Century Plyboards (India) has received an approval for the incorporation of a Wholly owned Subsidiary Company in the name of ‘Century Ports’ or such other name as may be available from the Ministry of Corporate Affairs, for carrying out the project for rejuvenation of Khidderpore Docks (KPD-I West) through PPP mode on Design, Build, Finance, Operate and Transfer (DBFOT) basis at Syama Prasad Mookerjee Port, Kolkata. The Board of Directors of the Company, by a resolution passed by circulation on April 3, 2022, has considered and approved the same.
Century Plyboards (India) is largest seller of plywood and decorative veneers in the Indian organized plywood market. The manufacturing facility of company is located at Bishnupur near Joka, Kolkata.
