Top Searches
Advertisement

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

Updated: June 20, 2025 18:46

Image Source: IPOCafe
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 million new equity shares to the sellers of Craftsmart Products, rather than paying cash.
 
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

Advertisement

STORIES YOU MAY LIKE

Image Source: LinkedIn
Blockbuster Exit: TPG Asia’s Sai Life Sciences Stake Sale Signals New Chapter for Pharma Star
Image Source: Bharatnet
Vodafone Idea’s Spectrum Supremacy: Powering a 5G Surge and Next-Gen Growth
Image Source : The Financial Express
Mutual Funds Trim the Fat: 5 AMCs Exit 12 Smallcap Stocks in May Portfolio Rebalancing
Advertisement
Image Source : NEWS ON AIR
SEBI Unlocks Co-Investment Flexibility for AIFs, Paving Way for Deeper Capital Participation
Image Source : Zee Business
Midcap Mania Faces Reality Check: Jefferies Flags Valuation Risks Amid Equity Supply Surge
Image Source: News24
A Song for the President: Visually Impaired Students Move Murmu to Tears
Image Source: People Matters
Your Online Life at Risk? 16 Billion Passwords Leaked in Mega Breach
Advertisement
Live Blogs
Delhi’s Getting Drenched Early: Monsoon Books a Prepaid Arrival for June 22
From Soulmates to Stakeholders: Billionaire Jay Chaudhry's Advice to Founders in Love
Prompt. Post. Profit: 3 ChatGPT Prompts That Practically Print Money
Swipe Right on Wealth: CA Reveals How to Date Your Credit Card Smartly
Top Stories
Image Source: EquityBulls
Ruby Mills Under ED Scrutiny, Pays ₹1.01 Billion to Shreem Corp Resolution Professional, Disputes Fraud Claims
Image Source: LinkedIn
Changing of the Guard: Sanjay Kukreja Steps Down as CFO, TruCap Finance Plots Next Move
Image Source: EquityBulls
Puravankara Powers Up: ₹500 Million NCD Boost, Mega Contract Win, and Leadership Shuffle Signal Bold New Era
Image Source: LinkedIn
RRP Semiconductor’s June 30 Showdown: Who Will Steer India’s Chipmaking Dream?
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine