Oricon Enterprises to sell 51% of Oricon Packaging closures unit to Pelliconi

Oricon Enterprises' board approved transferring the closures business of Oriental Containers to Oricon Packaging and selling a 51% stake in Oricon Packaging to Italy's Pelliconi at an enterprise value of Rs 419.40 crore, subject to agreed conditions. The approvals were given at a meeting on 27 October 2017.

“Accorded its approval, to sell 51% of the equity shares of Oricon Packaging by Oriental Containers to Pelliconi & C.S.P.A”business-standard.com

• 1 source
• business-standard.comBoard of Oricon Enterprises approves scheme of amalgamationOct 28, 2017

Summarized from public sources; check the original articles before acting on it.