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TCPL Packaging moves up on investing in subsidiary company

15 Dec 2021 Evaluate

TCPL Packaging is currently trading at Rs. 524.90, up by 5.10 points or 0.98% from its previous closing of Rs. 519.80 on the BSE.

The scrip opened at Rs. 518.05 and has touched a high and low of Rs. 524.90 and Rs. 509.85 respectively. So far 797 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 649.00 on 12-Nov-2021 and a 52 week low of Rs. 311.60 on 27-Jan-2021.

Last one week high and low of the scrip stood at Rs. 537.00 and Rs. 502.90 respectively. The current market cap of the company is Rs. 477.66 crore.

The promoters holding in the company stood at 55.74%, while Institutions and Non-Institutions held 6.45% and 37.81% respectively.

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.

TCPL Packaging Share Price

2647.00 -17.65 (-0.66%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Uflex 406.10
EPL 233.25
AGI Greenpac 585.45
Huhtamaki India 190.40
TCPL Packaging 2647.00
View more..

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