Essel Propack will be raising funds through issue of Commercial Papers (CP) for Rs 30 crore on private placement basis. The date of allotment is July 16, 2018, with a tenure of 60 days. The date of maturity is September 14, 2018 and the coupon rate of the instrument is 6.98%.
Essel Propack is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of toothpaste, personal care, cosmetics, pharmaceuticals, household and industrial products.
