Assam Timber Products Private Limited acquired a 14.24% stake in Archidply Industries Limited via an inter-se transfer. The transaction followed a court-approved Scheme of Amalgamation.
Archidply Industries Ltd announced NCLT approval for the amalgamation of promoter group entities. Ravi Marketing and Services will merge into Assam Timber Products, and Vanraj Suppliers into Shree Shyam Tea. The restructuring results in a consolidation of promoter shareholding with no change in overall group control or management.