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Huhtamaki PPL to merge Positive Packaging Industries, Webtech Labels with itself

01 Sep 2015 Evaluate

Huhtamaki PPL has received an approval for consolidation of its subsidiary companies ‘Positive Packaging Industries’ and ‘Webtech Labels’ with itself. The board of directors at its meeting held on August 31, 2015 has approved for the same. The board has also approved the appointment of a valuer and merchant banker and will meet again to consider the final restructuring plan.

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.


Peers
Company Name CMP
Uflex 624.25
EPL 232.30
AGI Greenpac 771.40
Huhtamaki India 225.60
TCPL Packaging 4268.60
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