AZB, Tempus Law act on PAG’s $200 mln investment in Pravesha Industries

 PAG invests $200 million into pharma-focused packaging firm Pravesha Industries, which was represented by Hyderabad-based Tempus Law Associates.

Founded in 1999, Pravesha is a pure-play, pharma-focused packaging company in India, producing over 15,000 metric tons of plastic bottles, closures, and drums, along with more than two billion units of cartons, labels, and leaflets annually. About 95 percent of Pravesha’s packaging products are utilised in developed markets, including the U.S. and Europe.

This marks PAG’s second investment in the packaging sector in India in recent times, following its agreement to acquire a majority stake in Manjushree Technopacks from Advent International, a deal for which AZB also represented PAG.

Read More: https://india.legalbusinessonline.com/deals/azb-tempus-law-act-pag%E2%80%99s-200-mln-investment-pravesha-industries