TCPL Packaging has further invested in Rights Issue of its subsidiary company viz Creative Offset Printers (COPPL) and has been allotted 2,12,405 partly paid-up equity shares, aggregating to Rs. 12.00 crore. As per the terms of Rights Issue, the consideration of Rs. 3.00 crore were payable on application and balance of Rs. 9.00 crore are payable on calls.
Post allotment of shares as aforesaid, the company holds 80.31% of the total paid up share capital of the COPPL.
TCPL Packaging is one of leading and largest manufacturers of folding cartons in India. The company manufactures packaging material for the following segments: Cigarette, Liquor, Food, FMCG, etc.
