TPG increases stake in Indian bulk container manufacturer
TPG Capital has invested INR1.35 billion ($25 million) in Flexituff International through a subscription to foreign currency convertible bonds (FCCB), one month after buying a 5.34% stake in the company for INR270 million ($5 million)
TPG's total investment in Flexituff stands at INR1.62 billion ($30 million) from the TPG Growth II fund. Flexituff manufactures plastic and laminated coated bags for the food, pharmaceutical and construction...
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