Shilp Gravures has received approval to acquire 100% shares of Etone India, subject to completion of various closing conditions, by way of cash consideration not exceeding Rs 11 crore (including the providing of inter corporate loans) subject to certain holdback amounts. The Board of Directors of the Company at its meeting held on June 05, 2019 has approved the same.
Shilp Gravures is India's pioneer and undisputed leader in electro-mechanical engraving, with a substantial market share of the flexible packaging industry.
