Private Equity

Adv Partners, Premji Invest To Acquire Majority Stake In Micro Plastics | Business Standard News

by business-standard.com posted 5months ago 105 views
Investment builds on MPPL's robust revenue growth of over 20% CAGR over past five years. : Asian private equity firm ADV Partners and Premji Invest, the investment arm of Wipro billionaire Azim Premji, said they have acquired a significant majority stake in leading plastic molding company Micro Plastics Private Limited (MPPL). This investment will catalyse the next stage of MPPL’s growth plans by supporting significant expansion and development of new manufacturing facilities to cater to increasing demand from customers.