Constantia Flexibles, producer of flexible packaging, has signed a joint venture (JV) agreement for its Indian business and operations with Premji Invest and SB Packagings. The combination will help Constantia Flexibles achieve its ambition to grow further and create value in the Indian market.
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The deal includes a secondary transaction that gives a partial exit to existing shareholders of SB Packagings, as well as primary capital for capacity expansion and acquisitions.
Premji Invest picks up significant stake in SB Packagings for $25 million thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
SB Packagings gets $25 mn investment from Premji Invest freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.