Advent invested in Manjushree in 2018. The US-based PE fund was looking for an exit from the company via IPO. Now with PAG picking up a stake in Manjushree, future of the IPO looks bleak.

The PE firm on Monday announced the acquisition of a majority stake in Pravesha Industries Pvt. Ltd and confirmed signing definitive documents to invest in Manjushree Technopack Ltd, which is ...

Asia Pacific-focused PAG announced on January 13 that it has signed definitive documents to invest in Manjushree Technopack Limited, one of India’s largest rigid plastic packaging companies.

PAG has been betting big on the packaging sector as it recently acquired India’s largest packaging company Manjushree Technopack in a deal valued at $1 billion. The packaging sector in India has ...