Investors evince interest in Manjushree

It is reported that gobal PE fund Advent International and Thailand’s SCG packaging are competing to acquire controlling stake in Bangalore based packaging company Manjushree Technopack.

PE firm Kedara holds 24% stake in the company, while Vimal Kedia, the promoter holds the balance.

The deal is likely to value the company at US$ 250 million.

Manjushree is the largest PET packaging producer in India with an installed capacity of 125,000 MT / annum

Manjushree has a portfolio of many large FMCG and Beverage majors including Coke, Nestle, Patanjali, Nestle, Mondelez among others.

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