M&A
Packaging solutions provider Shriji Polymers picks up majority stake in Parekhplast
Shriji Polymers (India) Ltd, manufacturer of packaging solutions in rigid plastics for the pharma industry, has bought a controlling stake in Parekhplast India Ltd at a reported valuation in excess of INR 200 crore. Singhi Advisors was the exclusive transaction advisor on the deal. Parekhplast is engaged in manufacturing rigid plastic packaging for consumer goods sectors such as paints, construction chemicals, FMCG, pharma and nutraceuticals.
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