Universus Photo Imagings Ltd announced board approval to subscribe to the rights issue of its associate, JPF Netherlands B.V., for €3 per share. The move aligns with its expansion strategy in flexible packaging films, maintaining its 39.87% stake. The transaction, done at arm’s length, is expected to conclude within two months.
In a move to strengthen its international business presence, Universus Photo Imagings Limited informed the exchanges that its Board of Directors has approved participation in the rights issue of its associate firm, JPF Netherlands B.V. The acquisition will be executed on an arm’s length basis, in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.
JPF Netherlands B.V., engaged in the manufacturing of BOPP and other flexible packaging films, reported a turnover of €492.65 million in FY 2024–25. The proposed subscription will be executed through cash consideration at €3 per share, with completion expected within one to two months.
Key Highlights
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Target Entity: JPF Netherlands B.V., a major producer of flexible packaging films.
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Transaction Type: Rights issue subscription by Universus Photo Imagings Limited.
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Nature of Relationship: Associate company; transaction at arm’s length.
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Consideration: Cash-based acquisition at €3 per share.
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Shareholding Percentage: Universus Photo Imagings holds 39.87% stake.
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Purpose: Strengthening presence in the global packaging films market.
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Timeline: Completion anticipated within 1–2 months.
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Regulatory Approvals: Not applicable.
The move underscores Universus Photo Imagings’ intent to enhance its portfolio and capture higher value opportunities in the international flexible packaging segment.
Source: BSE Corporate Filings, NSE Announcements