Seshasayee Paper and Boards shines on emerging as successful bidder for acquisition of assets
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Seshasayee Paper and Boards is currently trading at Rs. 299.90, up by 13.25 points or 4.62% from its previous closing of Rs. 286.65 on the BSE.
The scrip opened at Rs. 290.55 and has touched a high and low of Rs. 302.95 and Rs. 288.70 respectively. So far 38009 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 307.90 on 05-Sep-2022 and a 52 week low of Rs. 133.95 on 25-Feb-2022.
Last one week high and low of the scrip stood at Rs. 296.35 and Rs. 275.80 respectively. The current market cap of the company is Rs. 1892.04 crore.
The promoters holding in the company stood at 42.78%, while Institutions and Non-Institutions held 25.47% and 31.75% respectively.
Seshasayee Paper and Boards has emerged as the successful bidder in the e-auction held on September 19, 2022 for the acquisition of the assets (Land, Building and Plant and Machinery) of Servalakshmi Paper (Corporate Debtor - In Liquidation), on liquidation on a going concern basis.
Seshasayee Paper and Boards (SPB), the flagship company belonging to ‘SPB-ESVIN GROUP’, owns and operates. It operates an integrated pulp, paper and paper board Mill.
