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Universus Photo Imagings Ltd ( (IN:UNIVPHOTO) ) has issued an announcement.
Universus Photo Imagings Limited has announced that its Board of Directors has approved the exercise of an offer to subscribe to a rights issue of equity shares in JPF Netherlands B.V., a company involved in the manufacturing of BOPP and other flexible packaging films. This strategic move, conducted at an arm’s length basis, is expected to be completed in 3-4 months and involves a cash consideration of Euro 3 per share. The transaction aims to strengthen Universus Photo Imagings’ position in the industry by expanding its investment in an associate company.
More about Universus Photo Imagings Ltd
Universus Photo Imagings Limited, formerly known as Jindal Photo Imaging Limited, operates in the imaging industry. The company is involved in the production and distribution of imaging products and services, with a market focus that includes various imaging solutions.
Average Trading Volume: 4,612
Technical Sentiment Signal: Sell
Current Market Cap: 2.83B INR
For a thorough assessment of UNIVPHOTO stock, go to TipRanks’ Stock Analysis page.