Creador, a Malaysia-based private equity firm managing assets worth $1.5 billion, has invested ₹250 crore in Indian pharmaceutical packaging firm Shriji Polymers (India) Ltd.
Shriji’s product’s portfolio includes poly ethylene bottles in bulk, polypropylene caps (both continuous thread and child resistant) and other speciality plastic products such as derma bottles, tablet applicators, dosing cards and self-administered metered dosing devices.
Anand Narayan, managing partner – Creador Advisors India LLP, said in his statement, “With this investment, Creador acquires what it called a ‘significant minority stake’ in the company, buying out existing domestic and international institutional investors through its affiliate Sundara (Mauritius) Ltd.”
Anand Bangur, founder and managing director of Shriji said, “We will continue to make significant investments in India supported by the recent government initiatives of ‘Make in India’ catering to domestic and exports.”
