The resolution plan, submitted by West Coast Paper Mills Ltd and previously approved by the Committee of Creditors of Uniply Décor Ltd, marks a crucial step towards the company s expansion and diversification efforts.
“Our consultant, Lagrange Point Advisors LLP, an investment banking firm based in Mumbai informed us that the resolution plan to acquire Uniply Decor has been approved verbally by the Chennai Bench of the NCLT,” the company said in a regulatory filing.
West Coast Paper Mills Ltd s resolution plan for Uniply Decor Ltd approved by NCLT equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
JK Paper, ITC, and others gain as paper sector shows promise thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
West Coast Paper Mills has given a breakout from the symmetrical triangle formation. A long term trendline breakout was spotted in the leading momentum indicator RSI.