Bandaram Pharma Packtech to Acquire 84% Stake in Craftsmart Products via Share Swap, Issues Up to 6 Million Shares

Unknown Apr 02, 2026 900 Views

Bandaram Pharma Packtech Ltd is making headlines with its latest strategic move: the company’s board has approved the acquisition of an 84.21% stake in Hyderabad-based Craftsmart Products Pvt. Ltd. The acquisition will be executed on a swap basis, with Bandaram Pharma issuing up to 6 millio...

Key Highlights:

Majority Stake Acquisition: Bandaram Pharma will acquire a controlling 84.21% interest in Craftsmart Products, significantly expanding its footprint in the packaging and allied products sector.
Share Swap Mechanism: Instead of a cash outlay, the acquisition will be completed by issuing up to 6 million Bandaram Pharma shares to the current shareholders of Craftsmart Products. This approach helps Bandaram preserve cash while aligning the interests of new and existing shareholders.
Strategic Rationale: The deal is expected to enhance Bandaram Pharma’s product portfolio and market reach, leveraging Craftsmart’s established presence and expertise. This move fits Bandaram’s ongoing strategy of growth through targeted acquisitions and investments in complementary sectors.
Corporate Activity: The company has a track record of expansion via acquisitions, as seen with its earlier purchase of VSR Paper and Packaging Limited. This latest acquisition underscores Bandaram’s commitment to building long-term shareholder value through diversification.
Financial Snapshot: While Bandaram Pharma’s recent quarterly results showed a dip in net sales and profit, the company remains focused on growth and operational improvement, with this acquisition poised to bring new revenue streams and synergies.

The acquisition, subject to regulatory and shareholder approvals, marks a significant step for Bandaram Pharma Packtech as it strengthens its position in the packaging solutions space and sets the stage for future expansion.

Sources: Business Standard, Economic Times, Moneycontrol

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