Last week, US private equity firm Advent International signed a deal to sell MTL to Hong Kong-based PAG for nearly $1 billion. Currently, Advent holds a 97 per cent stake in Manjushree, while the remaining 3 per cent is held by other public shareholders. This was PAG's biggest transaction in India till date, underscoring the company's growth potential in the country's booming packaging industry, which is expanding at an impressive rate of 7 per cent annually.
To understand MTL's stellar rise, one needs to go back to 1977, when owner Vimal Kedia's family-run flour mills in Tinsukia was sold off to pay off creditors. Three years later, he set up an umbrella manufacturing unit in Guwahati that did brisk business. It would soon go on to become one of the top three players in the Northeast.
A visit to a Tata Tea garden in the region sowed the seeds for the plastic packaging business in Kedia's mind.
Diese Geschichte stammt aus der November 25, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 25, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
KEEPING UP WITH BRAZIL
If India wants to become a biofuel superpower like Brazil, it needs to get its ethanol 2.0 policies right
Indian cities reduce PM2.5 levels by 27% in 6 yrs: Report
Indian cities achieved an average 27 per cent reduction in PM2.5 pollution levels from 2019 to 2024, with those under NCAP alone recording a 24 per cent decline, a new report has found.
India adding N-power faster than global peers
India's nuclear power generation has grown twice as fast as the rest of the world in recent times.
Manmohan Singh was unfailingly measured, thoughtful and wise
It is both an honour and pleasure to have been invited to address this event in honour of Dr Manmohan Singh, the greatest man I have had the privilege of knowing.
Compare cited reasons with policy terms before challenging decision
Health and general insurers paid 82 per cent of claims by volume and 71.3 per cent by value (₹1.17 crore), according to the Insurance Regulatory and Development Authority of India's (Irdai's) annual report for 2023-24.
PVR Inox shares fade to black: Down 23%
Shares hit 44-month low as HMPV scare rattles market
Indo Farm shares up 27% on mkt debut
Shares of Indo Farm Equipment on Tuesday ended with a premium of over 27 per cent against the issue price of ₹215. The stock started the trade at ₹258.40, reflecting a premium of 20.18 per cent on the BSE. During the day, it jumped 33.44 per cent to ₹286.90. Shares of the firm ended at ₹272.70, up 26.83 per cent. At the NSE, it listed at ₹256, up 19 per cent. The stock ended at ₹273.69, a gain of 27.29 per cent. The company's market valuation stood at ₹1,310.37 crore.
Zomato shares fall 5% after Jefferies downgrade
Food aggregator Zomato's shares bled on Tuesday, as the stock plunged up to 5 per cent to hit an intraday low of ₹251.40 per share.
Q3 updates point to strong growth ahead for jewellery companies
Two leading listed jewellers, Titan and Kalyan, have just released their pre-quarterly updates for the third quarter of the current financial year (Q3FY25).
Equities may deliver 8-12% in 2025, says ABSL MF
In a year that is poised to be one of macroeconomic turbulence, with significant policy shifts and global trade uncertainties, investors should consider asset allocation strategies to capitalize on gains in all asset classes while reducing risks, Aditya Birla Sun Life Mutual Fund (ABSL MF) said in its outlook for 2025.
