Kanpur Plastipack has entered into an Assets Purchase Agreement with M/s SRF to sell the plant and machineries of the CPP division on ‘as is where is’ basis. The company will receive total sales consideration of Rs 49.25 crore. The transaction is subject to the approval of the shareholders of the company and expected to be completed by October 30, 2025 subject to satisfaction of the conditions in the agreement.
Earlier, the company’s board had approved the sale of Plant and Machinery of its CPP division in its meeting held on March 11, 2025.
Kanpur Plastipack is an India-based company engaged in manufacturing of HDPE/PP Fabric, Sacks, flexible intermediate bulk containers (FIBC) Bags and Multi Filament Yarn (MFY).
| 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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