Uniply Industries had hit a new 52-week high yesterday at Rs.275.40 after which it has closed at Rs.244 levels. Today, it opened higher, going up to Rs.264 levels and it is now at Rs.249, up over 2.5%.

The stock is in the limelight today, after it announced the 100% acquisition of equity in Vector Projects. This was bought for a consideration of Rs.64 crore.

Of this Rs.64 crore, Rs.23 crore is to be paid in stocks swap with shares of Uniply and balance Rs.41 crore through cash payout, to be funded by the promoters of the company and others through private placement.