Acquisitions1 Nov 2025, 05:02 pm
Kanpur Plastipack Ltd. to Acquire 76.19% Stake in Valex Ventures Limited for INR 8,01,72,960
AI Summary
Kanpur Plastipack Ltd. has announced the allotment of equity shares to acquire 76.19% stake in Valex Ventures Limited. The acquisition, valued at INR 8,01,72,960, will be discharged by way of issuing 3,33,700 fully paid-up equity shares and a cash payment. Post-acquisition, Valex Ventures Limited will become a subsidiary company of Kanpur Plastipack Ltd.
Key Highlights
- Kanpur Plastipack Ltd. to acquire 76.19% stake in Valex Ventures Limited
- Total consideration of INR 8,01,72,960
- Acquisition to be discharged by way of issuing 3,33,700 equity shares and a cash payment
- Valex Ventures Limited to become a subsidiary of Kanpur Plastipack Ltd.
- Acquisition from Mr. Manoj Agarwal, Promoter of Kanpur Plastipack Ltd.