Essel Propack Completes Stake Sale In Overseas Arm

by Dave

VCCircle

Essel Propack Ltd, part of the $2.4 billion Mumbai-based Essel Group and the second largest manufacturer of laminated tubes in the world, has completed the process of sale of its investment in its overseas medical device business. The stake sale happened through its overseas subsidiary companies, said the company in its filing to the stock exchange.

Essel Propack, which supplies tubes for toothpaste, cosmetics, pharmaceutical products, grease and adhesives, has presence across 14 countries including Mexico, Colombia, Germany, Egypt, Philippines, Singapore, Indonesia and India.

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