Private Equity Fund Investments
PremjiInvest acquires significant stake in SB Packagings
PremjiInvest has acquired a significant stake in New Delhi-based SB Packagings (SBP). The transaction is mainly a partial secondary stake sale held by the existing shareholders in SBP. The company was founded by OP Banga and is currently managed by his son Amit Banga. Post transaction, Amit Banga will continue to remain a significant shareholder in the company and will continue to drive the business. The primary component will be used by the company for capacity expansion and for inorganic acquisitions to enable faster scaleup of its product portfolio for both domestic and international markets. Founded in 1989, SBP manufactures flexible packaging materials, and supplies to players in the hygiene and food industry, including P&G, J&J, Unicharm, Kimberly Clark, Nobel Hygiene, Walmart, Future Group, PepsiCo, Dabur and Tata.
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