The Century Plyboards stock is at a 52-week high after the company writes off its entire investments in one of its subsidiary PT Century Ply Indonesia.

Since the investment into the Indonesian subsidiary did not bear desired results and was not viable the company decided to write off the investment, said Keshav Bhajanka, ED, Century Plyboard.

Now the company plans to explore Africa and have already sent delegations their and are on verge of finalising deals there.

First Published:Apr 9, 2018 3:28 PM IST