Radha Madhav Corporation (RMCL), which had forayed into e-commerce space, is planning to raise Rs 100 crore by selling assets and offloading stake. The company will use 60% of the proceeds to pay off debts and the remaining to strengthen its e-commerce ventures.
Earlier in 2010, predominantly a plastic packaging company had forayed into the e-commerce space. The company is in talks with several firms to sell its packaging material manufacturing unit in Rudrapur, Uttarakhand, for Rs 65 crore.
Radha Madhav Corporation activities are divided into two areas; primary packaging and secondary packaging. Primary packaging is again divided into flexible division and folded carton division while secondary packaging includes products like liners, specialty thermoformable films, cartons and various profiles for varied applications.
Company Name | CMP |
---|---|
Uflex | 460.00 |
AGI Greenpac | 821.60 |
TCPL Packaging | 2082.60 |
Oricon Enterprises | 41.70 |
Pyramid Technoplast | 160.30 |
View more.. |