Packaging stock in focus after it sells its assets, plants and machinery of CPP division to SRF for ₹49.25 CrPackaging stock in focus after it sells its assets, plants and machinery of CPP division to SRF for ₹49.25 Cr

Introduction:

Leading packaging company has signed an Assets Purchase Agreement with SRF Limited to sell its CPP division’s plant and machinery for ₹49.25 crore. The transaction, subject to shareholder approval, is expected to be completed by October 30, 2025.

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Share price movement of Kanpur Plastipack:

On March 17, 2025, Kanpur Plastipack Ltd opened at ₹117.25, up 0.13% from its previous close of ₹116.90. The stock reached a high of ₹117.25 and a low of ₹115.15. By 10:46 AM, it traded at ₹117.05, with a market cap of ₹251.27 crore.

Kanpur Plastipack Sells CPP Division:

Kanpur Plastipack Limited has signed an Assets Purchase Agreement with SRF Limited for the sale of its CPP division’s plant and machinery for ₹49.25 crore. The sale is on an “as is where is” basis, following the approval of the company’s Board of Directors.

The CPP division contributed ₹20.13 crore (4.08%) to Kanpur Plastipack’s total turnover in FY 2023-24, with a net worth of ₹-6.33 crore. The transaction is subject to shareholder approval and is expected to be completed by October 30, 2025, upon fulfilling agreement conditions.

SRF Limited, the buyer, does not belong to the promoter group, and the transaction does not qualify as a related party deal. Kanpur Plastipack will ensure compliance with SEBI’s regulatory requirements, including Regulation 37A of the LODR Regulations, to facilitate a seamless transaction.

Ace investor holding in Kanpur Plastipack:

Ashok Jain

Ashok Jain holds a 2.08% stake in Kanpur Plastipack Ltd with 445,471 shares, valued at ₹5.3 crore. His investment reflects confidence in the company’s growth potential and strategic direction within the packaging industry.

Stock performance of Kanpur Plastipack for Period of 1 week, 6 months, and 1 year:

Kanpur Plastipack Ltd saw a decline of 3.82% over the past week, reflecting short-term market fluctuations. The stock also dropped 4.85% in the last six months. However, over the past year, it registered a strong gain of 14.3%.

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Shareholding pattern of Kanpur Plastipack:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	67.30%	66.70%	66.70%
FII	0.00%	0.00%	0.00%
DII	0.00%	0.00%	0.00%
Public	32.70%	33.30%	33.30%

About Kanpur Plastipack:

Kanpur Plastipack Ltd (NSE: KANPRPLA), established in 1971, specializes in manufacturing HDPE/PP woven sacks, PP box bags, FIBC, fabrics, and high-tenacity PP MFY, catering to diverse packaging needs with a strong presence in domestic and international markets.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.