TCPL Packaging has received an approval to issue, offer and allot 4 lakh equity shares of face value of Rs 10 each at a price of Rs 600 (including premium of Rs 590) per equity share on a preferential basis through private placement, for a total consideration of Rs 24 crore. The Board of Directors of the company at their meeting held on July 15, 2017, has approved for the same.
TCPL Packaging is one of India’s largest manufacturers of folding cartons, and India’s largest standalone converter of paperboard. TCPL manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs and shelf-ready packaging.
