Comments
The board of directors of International Paper APPM on Friday approved a scheme of arrangement with its shareholders.
Accordingly, the company will transfer the entire general reserve amount of ₹288.76 crore (as of March 31, 2016) to the profit & loss account.
Shares may react adversely as companies usually save up reserves from their profits to offset potential future losses or to meet legal challenges or to distribute profits as dividends to shareholders.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.