Asia Pacific-focused PAG on January 13 had announced signing definitive documents to acquire Manjushree Technopack, one of India’s largest rigid plastic packaging companies Inventurus Knowledge ...

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.

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.