LEAP India Acquires Business Undertakings for ₹102 Cr

LEAP India Ltd, through its wholly-owned subsidiaries Vimprotech Private Limited and Total Integrated Packaging Solutions Private Limited, has executed Business Transfer Agreements (BTAs) to acquire the business undertakings of Vimprotech and TIPS, respectively. The acquisition is on a slump sale basis for a total cash consideration of ₹102 crores, payable in tranches. Vimprotech, a manufacturer of vacuum-formed, thermoformed, and injection-moulded products, reported a revenue of ₹47 crores in FY25-26. This acquisition aligns with LEAP's growth strategy, aiming to enhance backward integration, strengthen design capabilities, broaden its product portfolio, and achieve operational efficiencies. The transaction is expected to be completed by Q3 FY2026-27, subject to fulfillment of conditions precedent.