TCPL Packaging Invests in Rights Issue of Subsidiaries, Boosting Packaging Capacity for Mobile Phone Manufacturing
TCPL Packaging Limited has further invested in the Rights Issue of its wholly owned subsidiary companies, Creative Offset Printers Private Limited (COPPL) and Accura Technik Private Limited (ATPL). The company has been allotted 17,606 equity shares of COPPL, amounting to Rs. 1.00 crore, and 24,90,000 equity shares of ATPL, amounting to Rs. 2.49 crores. This investment aims to expand the business of COPPL, which is engaged in the manufacturing of boxes required by mobile phone manufacturing companies and other customers. ATPL is involved in manufacturing high-performance rotogravure cylinders and other components required by packaging companies. This strategic investment will support TCPL's internal requirements and generate an additional revenue stream for the company.
Key Highlights
- TCPL Packaging has invested in the Rights Issue of its wholly owned subsidiaries, Creative Offset Printers Private Limited (COPPL) and Accura Technik Private Limited (ATPL).
- The company has been allotted 17,606 equity shares of COPPL, amounting to Rs. 1.00 crore, and 24,90,000 equity shares of ATPL, amounting to Rs. 2.49 crores.
- This investment aims to expand the business of COPPL, which is engaged in the manufacturing of boxes required by mobile phone manufacturing companies and other customers.
- ATPL is involved in manufacturing high-performance rotogravure cylinders and other components required by packaging companies.
- This strategic investment will support TCPL's internal requirements and generate an additional revenue stream for the company.