# Creador frontrunner to buy minority stake in Shriji Polymers from Tata Capital

Kuala Lumpur-based Creador has reportedly emerged as frontrunner to acquire about 20% of packaging maker Shriji Polymers, including Tata Capital Healthcare Fund's 13% stake, at a valuation of Rs 1,200 crore. The report, dated 13 May 2020, is based on unnamed sources and Creador has signed an exclusivity agreement.

- Type: Acquisition
- Announced: 2020-05-13
- Where: Ujjain, India
- Value: $159.0M (12.0B INR)
- Status: rumored
- Products: pharmaceutical packaging solutions
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Creador](https://endata.com/companies/6487.md) (investor)
- [Tata Capital](https://endata.com/companies/6488.md) (partner)
- [Shriji Polymers](https://endata.com/companies/6489.md) (target)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/markets/stocks/news/creador-frontrunner-to-buy-tata-capitals-stake-in-packaging-co/articleshow/75722951.cms), 2020-05-13: "Creador has signed an exclusivity agreement with the existing investor, said one of the sources."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.