Acquisitions30 Apr 2026, 07:01 pm
Polyplex completes 51% acquisition of TechNova Printrite for ₹62.1 Cr
AI Summary
Polyplex Corporation Limited has completed the acquisition of 51% of the share capital of TechNova Printrite Products Private Limited (TPPPL). This follows the execution of transaction documents on March 25, 2026, and the fulfillment of certain conditions precedent. The total investment for this acquisition is approximately ₹6,209.75 lakhs, subject to post-closing adjustments. Consequent to this completion, TPPPL has officially become a subsidiary of Polyplex Corporation Limited.
Key Highlights
- Polyplex completed the acquisition of a 51% stake in TechNova Printrite.
- The total investment for the acquisition is approximately ₹62.1 Crores.
- TechNova Printrite Products Private Limited is now a subsidiary of Polyplex.
- The acquisition was finalized after fulfilling all conditions precedent.