Seshasayee Paper and Boards has submitted a Proposed Draft Composite Scheme of Compromise / Arrangement with the Creditors and Members of Servalakshmi Papers (SPL) (Company under Liquidation) and Scheme for Amalgamation with Seshasayee Paper and Boards.
The Scheme is being submitted by the Company to the Liquidator of SPL only as a proposed draft scheme, in response to the invitation by liquidator, and currently no agreement has been finalised to acquire SPL.
Seshasayee Paper & Boards operates an integrated pulp, paper and paper board Mill. The product range of the company includes MF I and MF II, MG, Yankee and MF3.
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