Sundaram Multi Pap Ltd brand valuation at Rs.98.7 Crores

Sundaram Multi Pap Ltd has announced that the Board of Directors of the Company at its meeting held on August 25, 2006, has also discussed the relative strength of the Company’s brand namely ‘Sundaram Note Books’. The Board noted that in the Branded Retail Segment, brand ‘Sundaram’ has 40% of the market share.

As per the valuation done by the leading Investment Banking Company namely M/s. First call India Equity Advisors Pvt Ltd, the brand ´Sundaram Note Books´ is valued at Rs 987 million. The Board further noted that the issued, subscribed and paid capital of the Company is Rs 32504000 and accordingly the proportionate value of the brand per Equity Share of face value of Re 1/- each of the Company is Rs 30.37.

Source : Equity Bulls

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