Breaking News

You are here » Indian-Commodity  :  Top News  :  Orient Paper plans to raise fund via rights issue

08-Sep2016

Orient Paper plans to raise fund via rights issue

Orient Paper & Industries is planning to raise fund by way of rights issue of equity shares. In this regard, the company's board will meet on 15 September 2016. The board will also consider various options for business restructuring of the company.

Orient Paper & Industries is part of the C K Birla Group and has emerged as a multi-product, multi-location company. The company manufactures and markets range of fans under the name Orient Fans. It manufactures ceiling fans, desk fans, wall-mounted fans, pedestal fans, exhaust fans and multi-utility fans. It has production capacity of over 3 million units per annum.


Related News

View all news

Crude oil futures end near 2-month high on Friday

Crude oil futures ended near 2-monht high on Friday, supported by  a report from the Organization of the Petroleum Exporting Countries (OPEC) members that showed the biggest monthly drop in crude......

Gold futures end lower on Thursday

Gold futures retreated from 2-week high on Thursday, with firmer dollar and on reports of better than expected US job weekly data. Moreover, increased risk appetite among investors with positive trend......

Copper futures end higher on China stimulus measures

Copper futures ended higher on Thursday as China's move to inject liquidity into the financial system boosted expectations of higher demand in the world's top industrial metals consumer. The People's Bank......

Top News

View all news

Spicejet's cargo arm launches freighter services on Guwahati-Hong Kong route

Spicejet's cargo arm SpiceXpress has launched dedicated freighter services between Guwahati and Hong Kong with a weekly flight, starting January 19, 2019. With this launch, SpiceXpress will be the first......

Reliance Industries to invest Rs 3 lakh crore in Gujarat in next 10 years

Reliance Industries has committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat that may range from energy and petrochemical to new technology and digital business. The......

Wipro reports 32% rise in Q3 consolidated net profit

Wipro has reported results for third quarter ended December 31, 2018. The company has reported a rise of 39.56% in its net profit at Rs 2,518.40 crore for the quarter under review as compared to Rs 1,804.50......