Time Technoplast rises on inking MoU to acquire 74% stake in Ebullient Packaging
Time Technoplast is currently trading at Rs. 478.30, up by 5.15 points or 1.09% from its previous closing of Rs. 473.15 on the BSE.
The scrip opened at Rs. 481.40 and has touched a high and low of Rs. 484.05 and Rs. 477.80 respectively. So far 14457 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 513.35 on 13-Dec-2024 and a 52 week low of Rs. 306.75 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 484.05 and Rs. 458.70 respectively. The current market cap of the company is Rs. 10885.79 crore.
The promoters holding in the company stood at 51.62%, while Institutions and Non-Institutions held 21.21% and 27.17% respectively.
Time Technoplast has entered a Memorandum of Understanding (MoU) with the promoters of Ebullient Packaging (EPPL) for the acquisition of a 74% equity stake. EPPL is valued at an estimated enterprise value of around Rs 200 crore. The proposed acquisition is subject to customary due diligence, including financial, legal, taxation, and regulatory reviews. The MoU establishes a structured framework to ensure a seamless and transparent transaction, fully aligned with applicable compliance standards.
The proposed acquisition of a majority stake in EPPL forms part of the company’s broader strategic initiative to consolidate its leadership in the packaging sector and enhance growth through synergistic expansion.
Time Technoplast (Time Tech) is a multinational conglomerate with operations in Bahrain, Egypt, Indonesia, India, Malaysia, U.A.E, Taiwan, Thailand, Vietnam, Saudi Arabia & USA is a leading manufacturer of polymer products.
