Greenply proposes diluting JV voting interest to about 19% as Samet funds expansion

Greenply Industries proposed restructuring Greenply Samet Private Limited, under which Samet would invest approximately USD 30 million to USD 40 million over the next two to three years and increase its voting interest from 50% to approximately 51%. Greenply’s voting interest would fall from 50% to approximately 19%, while it would initially retain approximately 43% economic interest; the transaction is expected to be completed by January 2027.

A joint venture commits capital and management time to an asset the company only part-owns.

• Capital commitment and ownership split
• Whether it is consolidated or equity-accounted
• As we close this year on a strong and positive note, in line with our growth guidance, we are carrying that mo (management committed by FY27)
• Our joint venture, Greenply Samet doubled its revenue from the corresponding quarter last year and we are conf (management committed by FY27)