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Maroc Maroc - Times of India - Business - 13/Jan 22:05

HK fund PAG buys majority stake in pkg co

Hong Kong-based private equity fund PAG has acquired an 80% controlling stake in Pravesha Industries for $200 million. This follows their November 2024 purchase of a majority stake in Manjushree Technopak for $1 billion. Pravesha’s promoters, Bomma Sivaprasad Reddy and RPR Sons Advisors, sold their shares for Rs 1,387 crore.

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