Acquisitions13 Aug 2025, 06:06 pm
Kanpur Plastipack Acquires UK Based Valex Ventures Limited for ₹ 8 Crore
AI Summary
Kanpur Plastipack Ltd, a renowned name in the packaging industry, has announced the acquisition of UK based Valex Ventures Limited. The acquisition, which is valued at ₹ 8 Crore, was approved by the board of directors in a meeting held on August 13, 2025. The acquisition will be undertaken on an arm's length basis, taking into account the valuation reports issued by M/s Roshan Nilesh Vaishnav, Independent Chartered Accountants & Registered Valuer. The acquisition will be subject to the approval from the shareholders and in-principle approval from the Stock Exchanges.
Key Highlights
- Kanpur Plastipack Ltd is acquiring UK based Valex Ventures Limited for ₹ 8 Crore.
- The acquisition will be undertaken on an arm's length basis.
- The acquisition is subject to the approval from the shareholders and in-principle approval from the Stock Exchanges.
- Valex Ventures Limited is engaged in the business of distribution and wholesale of industrial-grade flexible intermediate bulk containers (FIBCs).
- The acquisition will enable Kanpur Plastipack to exercise control over the management and affairs of Valex and expand its geographical reach to the UK.