Manjushree Technopack’s promoters increase stake in company

Manjushree Technopack’s promoters- Vimal Kedia, Nidhi Kedia and Ankit Kedia have bought 2250, 5437 and 5300 shares of the Company on November 22, 2013 respectively.

Manjushree Technopack had initially set-up a Flexible Packaging unit at Guwahati in the year 1988-89. In the year 1995-96, the Company set-up a unit for manufacturing of PET Containers with an initial installed capacity of 600 MT at Bommasandra Industrial Area, Bangalore at a capital cost of Rs. 8.25 crores which was funded by State Bank of India to the tune of Rs. 3 crores with the balance being raised through a public issue of the company's equity shares including promoters' contribution and internal accruals.