Essel Propack receives Inter Corporate Deposit

Deepthi | Myequity news | Date : 19-02-2019 16:45:00 IST

Essel Propack Limited (Essel) has further received Rs. 40 Crores towards repayment of outstanding dues of Inter corporate deposit. Essel has already received Rs. 25.30 crores in last month. The balance amount is expected to be received by March 2019.

On the matter Mr. Vinay Mokashi, Chief Financial Officer said, "The receipt of substantial amount out of total outstanding shall further strengthen the cash flow of the Company and reduce debts."

About Essel Propack Ltd:

Essel Propack, is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Essel Propack functions through 20 state of the art facilities and in eleven countries, selling circa 7 billion tubes and continuing to grow every year.

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