Huhtamaki PPL has received its board’s approval to issue of non-convertible debentures aggregating up to Rs. 550 crore on private placement basis to Huhtalux S.a r.l. in one or more tranches. The issue is subject to the approval of members at proposed Extra-ordinary General Meeting to be held on December 21, 2014 and other statutory authorities.
Huhtamaki PPL is a leading consumer packaging company in India. The company offers a wide portfolio of packaging solutions that includes flexible packaging, labeling technologies and specialized cartons.
