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SRF buys cast-polypropylene film biz
Mint Bangalore
|March 12, 2025
RF Ltd will enter the cast polypropylene (CPP) film business by acquiring the entire plant and machinery from Kanpur Plastipack Ltd (KPL) for ₹49.25 crore, the company said in a stock exchange filing on Tuesday.
SRF has entered a binding agreement to acquire and purchase plant and machineries, along with spare parts related to CPP films, subject to closing conditions, it said in the filing.
The transaction is expected to close in the coming months. Upon closure, the assets will be relocated and installed at SRF's state-of-the-art facility in Indore.
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