Mumbai, September 8 (Kiran News). Shares of Time Technoplast Limited gained over 1% on Monday after the company announced signing a Memorandum of Understanding (MoU) to acquire a majority stake in Ebullient Packaging (EPPL).
The stock was trading at ₹478.30, up ₹5.15 (1.09%) from its previous close of ₹473.15 on the BSE. It opened at ₹481.40 and touched an intraday high of ₹484.05 and a low of ₹477.80, with 14,457 shares traded so far.
Time Technoplast, a Group ‘A’ stock with a face value of ₹1, has a 52-week high of ₹513.35 (13 December 2024) and a 52-week low of ₹306.75 (9 May 2025). Its market capitalisation currently stands at ₹10,885.79 crore.
Promoters hold 51.62% in the company, while institutional investors own 21.21% and non-institutional investors 27.17%.
As per the MoU, Time Technoplast will acquire a 74% equity stake in EPPL, which is valued at an estimated enterprise value of around ₹200 crore. The proposed transaction is subject to financial, legal, taxation, and regulatory due diligence. The agreement lays out a structured framework for a seamless and transparent acquisition process in compliance with regulatory norms.
The acquisition forms part of Time Technoplast’s broader strategy to consolidate its leadership in the packaging sector and drive growth through synergistic expansion.
Time Technoplast is a multinational conglomerate with a presence across India, Bahrain, Egypt, Indonesia, Malaysia, UAE, Taiwan, Thailand, Vietnam, Saudi Arabia, and the USA. It is a leading manufacturer of polymer products catering to multiple industries.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
