Sale11 Mar 2025, 06:03 pm
Kanpur Plastipack Ltd. Approves Sale of CPP Division's Plant and Machinery
AI Summary
Kanpur Plastipack Ltd. has approved the sale of its CPP division's plant and machinery, citing the non-viability of manufacturing operations. The division is located at Gajner Road, Village Shyampur Fatehpur Roshnai, Dist. Akbarpur, Kanpur Dehat- 209121. The sale is subject to the approval of the shareholders and is expected to be completed by 30th October, 2025. The total agreed sales consideration is ~49.25 Cr. The buyer does not belong to the Promoter/Promoter group/Group Companies. The transaction is outside the Scheme of Arrangement and the Company shall comply with the relevant regulations.
Key Highlights
- Kanpur Plastipack Ltd. approves the sale of CPP division's plant and machinery
- The sale is due to the non-viability of manufacturing operations
- The division is located at Gajner Road, Village Shyampur Fatehpur Roshnai, Dist. Akbarpur, Kanpur Dehat- 209121
- The transaction is subject to the approval of the shareholders and expected to be completed by 30th October, 2025
- The total agreed sales consideration is ~49.25 Cr