Premji Invest buys a major stake in SB Packagings


Premji Invest buys a major stake in SB Packagings: In SB Packagings, a manufacturer of flexible packaging for the hygiene segment, Premji Invest has bought a major stake.

 

Invest has not disclosed the quantum of the stake purchased.

 

As per SB Packagings, the transaction primarily involves partial stake sale by shareholders and infusion of primary capital for capacity expansion and acquisitions.

 

The company was founded in 1989 and it supplies flexible packaging materials in India to customers including P&G, J&J, Unicharm, Kimberly Clark, Nobel Hygiene, Walmart, Future Group, PepsiCo, Dabur, and Tata.

 

After the transaction, Managing Director of SB Packagings Amit Banga will remain a significant shareholder and would continue to drive the business....Read More

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