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Pearl Polymers gets nod to sell business undertakings to Manjushree Technopack

22 Sep 2020 Evaluate

Pearl Polymers’ board has approved the sale and transfer of the company's business undertaking(s) engaged in manufacturing, marketing and sale of rigid plastic packaging solutions for sale gift or supply to other business entities for packaging of products (B2B Business) on a going concern basis, by way of a slump sale for a lump sum consideration without values being assigned to any individual assets and assumed liabilities, to Manjushree Technopack (MTL) on such terms and conditions as provided under the Business Transfer Agreement (BTA) dated September 21, 2020 executed between the company and MTL. The Board of Directors of the company in its meeting held on September 21, 2020 has approved the same.

Pearl Polymers (PPL) incorporated in 1971, is engaged in manufacturing of Polyethylene Terephthalate (PET) products. It has created flagship brand namely PEARLPET. The company has an in-house research and development facility that is equipped with CAD systems, in-house mould development and team of skilful employees.

Pearl Polymers Share Price

20.25 -0.60 (-2.88%)
11-May-2026 16:01 View Price Chart
Peers
Company Name CMP
Supreme Industries 3619.80
Astral 1580.00
Finolex Inds 173.85
Nilkamal 1284.25
Jain Irrigation Sys 33.79
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