Deals28 Feb 2026, 03:31 pm
Sundaram Land and Assets Private Limited Withdraws Proposed Share Swap Transaction with Sundaram Multi Pap Ltd
AI Summary
Sundaram Land and Assets Private Limited (SLAPL) has conveyed its intention not to proceed with the proposed share swap transaction with Sundaram Multi Pap Ltd (SMPL). The decision was made after the Board of Directors of SLAPL reviewed the status and commercial implications of the proposed transaction, noting a significant decline in the market price of SMPL shares since the Extraordinary General Meeting held on November 12, 2025. The Board observed that the effective economic value of the originally proposed share swap consideration has materially reduced. SLAPL remains open to evaluating future proposals that are mutually beneficial and commercially aligned.
Key Highlights
- Sundaram Land and Assets Private Limited has withdrawn its willingness to proceed with the proposed share swap transaction with Sundaram Multi Pap Ltd.
- The decision was made due to a significant decline in the market price of SMPL shares and the reduced economic value of the originally proposed share swap consideration.
- SLAPL is open to evaluating future proposals that are mutually beneficial and commercially aligned.