Quick Summary
The Competition Commission of India (CCI) approves acquisition by PGP Glass Private Limited (Acquirer) of (i) the business of manufacture and sale of glass packaging and glass decoration of Piramal Glass Private Limited (PGPL); (ii) shareholding of PGPL in its certain subsidiaries engaged in the bus
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FAQ :
The CCI has approved various acquisition proposals by PGP Glass Private Limited, including the business of manufacture and sale of glass packaging and glass decoration of Piramal Glass Private Limited (PGPL), shareholding in certain PGPL subsidiaries, shareholding in Vivid Glass Trading FZCO, and certain business divisions of Ansapack Private Limited.
PGP Glass Private Limited is an acquirer that has been recently set up for the proposed combination. It is an affiliate of BCP Topco V Pte. Ltd., which is an affiliate of funds advised and/or managed by affiliates of Blackstone.
PGPL is engaged in the business of manufacture and sale of glass packaging and glass decoration, serving industries such as cosmetics, perfumery, specialty food and beverages, and pharmaceuticals.
The subsidiaries of PGPL involved in the proposed combination include Ansa Deco Glass Private Limited, Kosamba Glass Deco Private Limited, Piramal Glass (UK) Limited, Piramal Glass Europe S.à r.l., Piramal Glass Ceylon PLC, and Piramal Glass – USA, Inc.
No, Vivid Glass Trading FZCO is an independent company registered in Dubai and is not a subsidiary or affiliate of PGPL. It is engaged in glass bottle trading.
Ansapack Private Limited is an Indian company that manufactures and sells packaging material, including corrugation boxes and plastic films. It is an independent company and not affiliated with PGPL.
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