Speciality Papers Ltd to look for acquisitions, to appoint advisor

A meeting of the Board of Directors of Speciality Papers Ltd will be held on April 20, 2007, inter alia, to appoint M/s. Firstcall India Equity Advisors Pvt Ltd, Mumbai as the Strategic M&A and Financial Advisors for acquiring Companies in the Paper Industry.

The stock closed the day at Rs.34.50, up by Re.0.30 or 0.88%. The total traded quantity was 5805 shares compared to 2 week average of 15316. The stock hit an intraday high of Rs.35.60 and low of Rs.34.05.

The company's share price has been on an upswing after it raised the prices of products. The company also received an export order recently.

Source : Equity Bulls

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