Paper stocks have been buzzing in trade lately. In an interview to CNBC-TV18, ML Pachisia, MD of Orient Paper and Industries spoke about the latest happenings in the company and gave his outlook for the future.
Orient Paper is going to undertake a rights issue worth Rs 50 crore, says company Managing Director ML Pachisia. It also plans to demerge its electrical consumer business into a separate entity.
Orient Papers' debt currently stands at Rs 220 crore but is declining slowly and gradually, adds Pachisia.
Managing director of Orient Papers and Industries, ML Pachishia tells CNBC-TV18 that they are completing all necessary formalities so that the demerger of the cement business will happen by 1st of April.
Managing director of Orient Papers & Industries, ML Pachisia, tells CNBC-TV18 that their plan to hive off the cement business is still on track.
ML Pachisia, MD of Orient Papers & Industries, in an interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, said that the 35 days slowdown will not make much of a difference.
ML Pachisia, MD, Orient Papers & Industries, in an interview with CNBC-TV18’s Mitali Mukherjee and Sonia Shenoy, spoke about the recent happenings in his company and the road ahead.