Question
Which bank has committed to an investment of ₹49.99
crore in Canpac Trends Private Limited, based in Ahmedabad?Solution
State Bank of India has executed transaction documents to purchase 3,70,644 shares (6.35 percent) of Ahmedabad-based Canpac Trends Private Limited at 1,349 per share, aggregating ₹49.99 crore. The investment in Canpac Trends, which is in the paper packaging industry, is being made with the objective of capital appreciation.
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