Essel Group is reportedly in talks with investors to raise upto $400 million in a structured credit transaction. The group will raise funds to refinance a part of the promoter debt which will mature over the next few quarters.
Essel Propack is a flagship company of the Essel group 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.
