TCPL Packaging has further acquired 38600 shares of its subsidiary company namely Creative Offset Printers (COPPL) from one of the promoters of COPPL at a consideration of Rs 1.85 crore. Post-acquisition / transfer of shares as aforesaid, the company holds 94.67% 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.
