Greenply Restructures JV, Samet to Invest $30-40M

Greenply Industries Limited announced a proposed capital restructuring of its Joint Venture (JV) with Samet, Greenply Samet Private Limited. Samet will invest USD 30-40 million over 2-3 years, increasing its voting interest from 50% to ~81% while Greenply's dilutes to ~19%. Greenply will retain an initial economic interest of ~43%, reducing over time. This allows Greenply to focus on its core Plywood and MDF businesses, ceasing consolidation of the JV's financials and future equity funding. The transaction is expected to complete by January 2027.