Genus Paper & Boards divests 100% equity stake in GPCL
GPCL ceased to be the wholly owned subsidiary of the company with effective from March 06, 2026
Genus Paper & Boards has made disinvestment of 100% of the equity stake/investment held in its Wholly Owned Subsidiary -- Genus Paper and Coke (GPCL), comprising of 20,00,000 equity shares of Rs 10 each. The company has received a consideration of around Rs 11.86 crore from the sale. Consequently, GPCL ceased to be the wholly owned subsidiary of the company with effective from March 06, 2026.
Genus Paper & Boards is engaged in the business of manufacture of Kraft Paper and M.S. Ingot.
