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Huhtamaki PPL provides update on scheme of arrangement

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Capital Market

Scheme (Merger) becomes effective 01 April 2017

Huhtamaki PPL announced that subsequent to receiving Certified True copy of the NCLT Orders from Hon'ble Mumbai Bench of National Company Law Tribunal ('NCLT') sanctioning the Scheme of Arrangement of Positive Packaging Industries and Webtech Labels Private with Huhtamaki PPL, and their respective shareholders and creditors, the Orders have been filed by the respective Companies with the Registrar of Companies and the Mergers has become effective, 01 April 2017.

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First Published: Apr 01 2017 | 7:13 PM IST

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