Warburg highest bidder for majority stake in Parksons
April 7, 2021Warburg
Pincus is understood to have emerged the highest bidder to acquire a
controlling stake in India’s largest independent folding carton manufacturer
Parksons Packaging, outbidding peers such as KKR and Bain Capital besides
Finnish packaging materials major Huhtamäki Oyj.
A potential deal with Warburg will value the
Mumbai-based packaging solutions company atRs 2,200-2,300 crore, multiple
people aware of the development told ET.
