Essel Propack is raising funds through issue of Commercial Papers (CPs) for Rs 20 crore on private placement basis. The company will raise funds on December 26, 2016. The interest will be paid on maturity and the papers will be not listed on the stock exchanges. Further, the CPs for Rs 25 crore has been redeemed by the company.
Essel Propack is the largest specialty packaging company in India. The company operates through 25 state-of-the-art facilities in 13 countries.