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TCPL Packaging inks pact to acquire 26% stake in Clean Max Hana

10 Mar 2026 Evaluate

TCPL Packaging has entered into share purchase agreement to acquire 26% equity shares of Clean Max Hana, a special purpose vehicle (SPV) formed with the object of generation and transmission of renewable energy. The acquisition is for the purpose of meeting the company’s green energy needs, optimizing energy costs and complying with regulatory requirements for captive power consumption under electricity laws. The cost of acquisition is Rs 1.09 crore.

TCPL Packaging (TCPL) is one of India’s leading producers of sustainable packaging solutions for customers across industries.


Peers
Company Name CMP
Uflex 612.80
EPL 236.30
AGI Greenpac 750.45
Huhtamaki India 225.50
TCPL Packaging 4484.50
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