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Huhtamaki PPL to acquire Ajanta Packaging

Huhtamaki PPL Limited has entered into a Business Transfer Agreement for acquisition of the<br>business of M/s. Ajanta Packaging, India on a slump sale basis, based on an enterprise valuation<br>of Rs 1003 million on a cash free, debt free basis. This acquisition will help the Company in<br>consolidating its position in Pressure Sensitive Label business.

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Huhtamaki PPL to acquire Ajanta Packaging

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  1. Huhtamaki PPL to acquire Ajanta Packaging Capital Market Last Updated at March 23, 2018 19:50 IST On slump sale basis on an EV of Rs 100.3 crore Huhtamaki PPL has entered into a Business Transfer Agreement for acquisition of the business of Ajanta Packaging, India on a slump sale basis, based on an enterprise valuation of Rs 100.3 crore. This acquisition will help the Company in consolidating its position in Pressure Sensitive Label business. http://www.business-standard.com/article/news-cm/huhtamaki-ppl-to-acquire-ajanta- packaging-118032301036_1.html

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