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Our Bureau

New Delhi , June 29

Parksons Packaging, a leading manufacturer and exporter of printed and laminated folding cartons, has received Rs 50 crore in private equity investment from ChrysCapital in return for a minority stake.

The company will use the proceeds to fund its future expansion plans. MAPE Advisory Group acted as the sole financial advisor to Parksons.

The company has a portfolio of blue-chip clients spanning sectors such as pharmaceuticals, FMCG, food & beverages and household products. It is also servicing customers within new, emerging industries such as electronics and other white goods.

Parksons is the first investment from ChrysCapital's recently closed $550-million fourth fund.

Commenting on the transaction, Mr Kunal Shroff, Managing Director, ChrysCapital said, "Parksons has the right combination of being a well managed company operating in a space that has tremendous opportunity for future growth — key factors we look for in all our investments."

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