# Shriji Polymers buys controlling stake in Parekhplast India

Shriji Polymers (India) Limited has invested in Parekhplast India Limited and bought a controlling stake. The deal is valued in excess of Rs 200 crore. Parekhplast manufactures rigid plastic packaging for consumer goods sectors.

- Type: Acquisition
- Announced: 2022-12-07
- Where: India
- Value: $24.2M (2.00B INR)
- Status: completed
- Products: rigid plastic packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Shriji Polymers (India) Limited](https://endata.com/companies/49606.md) (acquirer)
- [Parekhplast India Limited](https://endata.com/companies/67146.md) (target)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/packaging/shriji-polymers-buys-controlling-stake-in-parekhplast-india-limited/articleshow/96060121.cms), 2022-12-07: "Shriji Polymers(India) Limited, manufacturer of packaging solutions in rigid plastics for the pharma industry, announced on Wednesday that it has invested in Parekhplast India Limited and bought a controlling stake in the company."

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