Vaibhav Global Limited, a multi-national electronic retailer and manufacturer of fashion jewelry and lifestyle accessories, announced it has acquired 60 per cent equity share capital in Encase Packaging Private Limited.
According to the company’s exchange filing, “We wish to inform you that the Company has executed Share Subscription and Shareholders’ Agreement on 21.01.2022 for acquisition of 60% Equity Share Capital of Encase Packaging Private Limited, subject to certain conditions precedent.”
Post-acquisition, the Company shall hold 60% shareholding of the Encase Packaging Private Limited, a statement said.
Pursuant to said acquisition, the Encase Packaging Private Limited, shall become the Subsidiary of Company, it adds.
Encase Packaging Private Limited incorporated on 28th October, 2021 (converted from LLP to a Private Limited Company). The entity to be acquired, is carrying business of manufacturing, trading of all kinds of packaging material.
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