Speciality Papers Ltd has informed BSE that the Company has received the approval of the exchange for the Amalgamation of M/s. Reliable Paper (India) Pvt Ltd, M/s. Opel Paper Mill Pvt Ltd and Prime Industries with itself.

The Company began the process of “Obtaining respective High Court approvals from Maharashtra and Gujarat”.

With the above M&A activity taking place the Company is going to emerge as one of the leading players in the Paper Industry.