Private equity firm Kedaara Capital has invested Rs 200 crore in Parksons Packaging, a folding cartons and paper packaging manufacturer.
The investment marks the PE firm's foray into the packaging segment.
Kedaara Capital said in a statement that its Rs 200 crore investment in Parksons Packaging is its maiden investment in the packaging sector, which is a direct beneficiary of India's consumption story and is expected to demonstrate continued strong growth in the years to come.
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Parksons Packaging had earlier tied up with ChrysCapital for funds.
Kedaara Capital Advisors Managing Partner Manish Kejriwal said, "This transaction is in line with Kedaara's focus of investing behind high quality, market-leading businesses driven by talented and driven entrepreneurs.
