Greenply Approves ₹200 Crore Guarantee And Samet JV Dilution

Board approved Rs 200 Cr guarantee to IDBI Bank for WOS MDF expansion loan and binding HoT for Samet to raise JV stake to 81.02%, diluting Greenply to 18.98%. First scale-back of hardware JV since formation; Greenply cedes control and board seat to Samet, cutting future loss funding. Guarantee backs ongoing WOS MDF expansion until commercial ops. JV to cease as associate; Greenply keeps tag-along and reserved matters. HoT done, final SHA and consents pending; infusion price and dilution impact not disclosed. Guarantee fee to be charged.