TCPL Packaging has further invested in Rights Issue of its subsidiary company viz., Creative Offset Printers (COPPL) and has been allotted 95,722 equity shares, aggregating to Rs 5 crore. Post allotment of shares as aforesaid, the company holds 89.98% of the share capital of COPPL.
COPPL (subsidiary Company) is in the business of packaging i.e. cartons and boxes required by mobile phone manufacturing companies and other customers. Large number of different manufacturers are expanding in mobile phone production. This would result in increasing the packaging share of the company.
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.
