Premji Invest acquires significant stake in SB Packagings

A press release received on 12 August 2021, says that Delhi-based SB Packagings (SBP) has received investment from Premji Invest for a significant stake in the company. The transaction primarily involves partial stake sale held by the Banga family who are the existing promoter shareholders in SBP. The infusion of primary capital is meant for capacity expansion and for inorganic acquisitions to enable a faster scaling up SB Packagings’ flexible materials for both domestic and International markets. SB Packagings being leading manufacturer of flexible packaging Founded in 1989, by OP Banga, SBP is a leading manufacturer of flexible packaging materials in India, supplying to major players in the hygiene and food industry including P&G, J&J, Unicharm, Kimberly Clark, Nobel Hygiene, Walmart, Future Group, PepsiCo, Dabur, and Tata. SBP has won several awards and global accolades for its innovations and printing excellence and is at the forefront of providing sustainable packaging solutions. The company is currently managed by the second generation managing director, Amit Banga, who joined the industry 30 years ago. After the closing of…

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